Ares Management Corp. announced that its subsidiary, Ares Holdings, has entered into a definitive agreement to acquire AMP’s PrivateMarketsCo, one of the largest infrastructure-debt investment platforms globally, with about $8 billion in assets under management, as of Sept. 30, 2021. The transaction consideration is A$428 million ($309 million) and will be funded using cash on hand and Ares’ $1.1 billion revolving credit facility.
The Infrastructure Debt team is led by its Global Head, Patrick Trears, and has 17 dedicated investment professionals in London, Sydney, Singapore and New York. The team has established a strong risk-adjusted, long-term track record investing about $9 billion of capital across nearly 60 transactions globally, with a focus on the digital, utilities, transportation, and renewable-energy sectors.
The Infrastructure Debt team is expected to expand and enhance Ares’ infrastructure strategy, which has focused on value-add equity and flexible
