Ares Management, a global alternative investment manager, completed its acquisition of AMP Capital’s infrastructure debt platform. As one of the largest infrastructure debt investment platforms globally, this transaction adds approximately $8 billion in assets under management, which would result in combined infrastructure assets under management of more than $12 billion across Ares’ debt and equity platforms, as of Sept. 30, 2021.
Patrick Trears, partner and head of Ares infrastructure debt, will lead 19 dedicated investment professionals located across London, New York, Singapore and Sydney. Ares is expected to benefit from the infrastructure debt platform’s complementary investment capabilities, global network and long-term investment experience. In addition, the infrastructure debt team will be able to leverage Ares’ scaled global platform, including its infrastructure experience in climate infrastructure and its private credit franchise, to capitalize on the rapidly growing infrastructure asset class. Infrastructure Debt, along with Ares’ infrastructure and power strategy, will become part of a new reporting segment called the Ares real assets group for the quarter ended March 31, 2022.
“We are excited to welcome the Infrastructure Debt team to Ares,” Michael Arougheti, CEO and president of Ares, said. “This highly complementary transaction accelerates the expansion of our leading credit and infrastructure platforms and bolsters Ares’ investing capabilities, global market coverage and execution in the growing infrastructure sector. We look forward to working with our new team members as we continue to seek attractive returns for our investors and strengthen Ares’ leadership position.”
“Joining Ares is a transformative next step for our team that builds on our great progress in addressing the global market opportunity,” Trears said. “We believe this powerful combination will enable us to accelerate our growth by leveraging the scale and strength of the global Ares platform for fundraising, sourcing investments and delivering bespoke capital solutions. As we continue to execute our strategy for driving value, we are eager to collaborate closely with and benefit from the deep experience of our new Ares colleagues for whom we have great respect.”
