Ares raises $5bn for infra debt fund

Ares Management Corporation has held the final closing of its Infrastructure Debt Fund V (IDF V), which is focused on making subordinated investments across the digital, utilities, renewables, energy and transportation sectors, at approximately $5bn.

The fundraising includes General Partner commitments and related transaction vehicles.

With more than 25 investment professionals across the US, Europe, Australia and Asia, Ares’ Infrastructure Debt team has committed approximately $10.4 billion across more than 60 assets since 2011.

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IDF V will provide scaled and bespoke capital solutions for essential infrastructure assets with predictable cash flows, and the team has already invested or committed approximately $2bn, or roughly 40% of IDF V’s investable capital base, to date.

Ares Management Corporation is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles.

Source: Business Wire

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