Ariel Alternatives Closes Inaugural $1.45 Billion “Project Black” Fund with Partners and Co-Investors

NEW YORK–(BUSINESS WIRE)–Ariel Alternatives, LLC (“Ariel Alternatives” or the “firm”), today announced the closing of Project Black, LP (“Project Black” or the “Fund”). Project Black is the first private equity initiative of Ariel Investments, LLC (“Ariel”), which celebrates its 40th anniversary this year.

The Fund seeks to

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