Ares Management Corp. has completed the final closing of its Infrastructure Debt Fund V (IDF V) with $5 billion of equity commitments, including general partner commitments and related transaction vehicles. The fund was backed by both existing and new investors, according to Ares.
IDF V is focused on making subordinated investments across the digital, utilities, renewables, energy and transportation sectors. Ares has already invested or committed $2 billion — or roughly 40 percent — of IDF V’s investable capital base, to date.
“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 projects and companies. Our scale and flexibility
