Ares Management, a global alternative investment manager, closed its Infrastructure Debt Fund V (IDF V), which is focused on making subordinated investments across the digital, utilities, renewables, energy and transportation sectors. IDF V held its final close on Dec. 29, 2022, at approximately $5 billion, including general partner commitments and related transaction vehicles.
“We appreciated the strong support and interest from our existing and new investors in IDF V,” Patrick Trears, partner and global head of Ares infrastructure debt, said. “Our investors’ confidence and trust reflects 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. Given the Ares infrastructure debt team’s global footprint, offering customized and bespoke credit solutions, our global team is positioned well to deliver a diversified infrastructure portfolio. As a result of the growth in the infrastructure sector, I believe that we can drive attractive risk-adjusted returns for our investors as the infrastructure asset class demonstrates low volatility and consistent returns.”
“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,” Michael Smith, partner and co-head of the Ares credit group, said. “As a leader in private credit and infrastructure debt, we seek to provide one-stop financing solutions for essential infrastructure projects and companies. Our scale and flexibility have allowed us to create sustainable, long-term partnerships across the world, further enhancing the value we can provide our investors.”
