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Ara Partners’ industrial decarbonization vehicle wraps up fundraising at $3b
Fundraising - DECEMBER 14, 2023

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Ara Partners’ industrial decarbonization vehicle wraps up fundraising at $3b

by Kali Persall

Ara Partners, a private equity and infrastructure investment firm specializing in industrial decarbonization, has closed on more than $3 billion of new capital commitments, concluding fundraising for its Ara Fund III.

Ara Fund III was significantly oversubscribed at an increased hard cap, exceeding its $2 billion initial target. It was backed by the firm’s existing investor base and a diverse set of new institutional investors consisting of pension funds, insurance companies, sovereign wealth funds, endowments and foundations from North America, Europe and Asia Pacific.

The fundraise consisted of $2.8 billion of limited partner commitments, alongside dedicated limited partner co-investment vehicles.

“We are grateful for the extraordinary interest in Fund III demonstrated by Ara's increasingly global, blue-chip investor base,” said Charles Cherington, managing partner at Ara. “The strong support from new and existing investors is a testament to their conf

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