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Laxman Pai, Opalesque Asia: Global alternative investment manager Ares Management Corporation raised
about $5 billion for the Infrastructure Debt Fund V (IDF V) which invests in the
debt of infrastructure assets such as data centers, telecommunication towers,
ports, and utilities.
The investment management giant said in a press release that IDF V's $5bn
commitments include general partner commitments and related transaction
vehicles.
"We appreciated the strong support and interest from our existing and new
investors in IDF V," said Patrick Trears, Partner and Global Head of Ares
Infrastructure Debt. "Our investors' confidence and trust reflect the strength of the
Ares Infrastructure Debt strategy, which is backed by our global team with a long
track record supported by the increasing capital demands for infrastructure debt."
The asset manager said its infrastructure debt team has invested or committed
approximately $2bn, or roughly 40% of IDF V's investable capital base, to
date. Among its investments, IDF V has structured sustainability-linked debt
facilities.
"By adding the Infrastructure Debt strategy to the Ares platform, we have been
able to provide our investors a meaningful opportunity to participate in the
expanding infrastructure market," said Michael Smith, Partner, and Co-Head of the
Ares Credit Group.
"As a leader in private credit and infrastructure debt, we seek to provide one-stop
financing solutions for essential infrastructure project...................... To view our full article Click here
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