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Laxman Pai, Opalesque Asia: The global alternative investment manager Ares Management Corp has raised $2.2 billion to invest in infrastructure businesses operating in the renewable energy, energy efficiency, and energy storage sectors.
Los Angeles-based private equity firm said in a press release that its inaugural Ares Climate Infrastructure Partners (ACIP) Fund with approximately US$ 1.4 billion in total raised, and US$ 800 million in related transaction vehicles.
The team focuses on supporting the development of high-quality assets and companies across the renewable energy, resource, and energy efficiency, energy storage, vehicle electrification, and transmission climate sectors.
Ares Climate Infrastructure Partners Fund invests across the capital structure in equity, preferred equity, and structured debt of assets and companies that, among other characteristics, are accelerating the transition to a low carbon economy.
The release said that the investment management company has a long and established track record in climate infrastructure with over $2 billion invested or committed since 2015. The Ares Infrastructure and Power team believes its robust sourcing networks, incumbent relationships, structuring expertise, portfolio management, and extensive market knowledge are key differentiators for ACIP.
The Fund is partnered with Aligned Climate Capital, which provides a robust Environmental, Social and Governance (ESG) screening, and reporting framewor...................... To view our full article Click here
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