Ares Management and its subsidiary, Ares Holdings, entered into a definitive agreement to acquire AMP’s PrivateMarketsCo Infrastructure Debt platform, an infrastructure debt investment platform with approximately $8 billion in assets under management as of Sept. 30.
Ares Management raised $2.2 billion of dedicated climate infrastructure capital, comprising its inaugural Ares Climate Infrastructure Partners Fund with approximately $1.4 billion in total raised and $800 million in related transaction vehicles.
Funds and other accounts managed by Ares Management’s infrastructure and power strategy entered into an agreement to acquire a majority stake in Apex Clean Energy. The transaction will provide Apex with additional equity growth capital.
RENEW Energy Partners, with private investment funds managed by Ares Infrastructure and Power, will acquire a portfolio of contracted energy efficiency and distributed power generation infrastructure projects serving the commercial, industrial and institutional end markets.
Wunder Capital partnered with funds managed by Ares Management’s infrastructure and power strategy (AIP), Cyrus Capital Partners and Keyframe Capital to provide financing for more than $100 million in commercial solar loans.
A fund managed by Ares Management’s Infrastructure and Power strategy closed on the acquisition of three operating utility-scale wind facilities in Texas from BP Wind Energy North America.