Ara Partners has raised about $1.1bn to invest in businesses that help industries reduce carbon emissions.
The Houston-based firm said it wrapped up Ara Fund II LP far above an initial $650 million target. Ara last year secured roughly $400 million for its predecessor vehicle.
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Ara Partners is a private equity firm specializing in industrial decarbonization investments. Ara Partners invests in the industrial & manufacturing, chemicals & materials, energy efficiency & green fuels and food & agriculture sectors, seeking to build businesses that are focused on sustainability and ESG principles.
Source: Business Wire
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