During its third quarter earnings call, Ares Management Corp. revealed it is actively scaling the third vintage of its infrastructure secondaries fund and expects to raise nearly $400 million soon. This would bring the fund and related vehicles to approximately $1.4 billion in equity commitments, or more than 40 percent larger than the previous vintage, according to Michael Arougheti, president, CEO, co-founder and director at Ares Management Corp.
“Over the past decade, we’ve been expanding our investment capabilities and capital base in the industrial and renewable-energy markets to take advantage of rising demand in ecommerce, the reorganization of global supply chains, infrastructure for AI, the demand for clean energy and manufacturing reshoring, which is reversing more than four decades of globalizing trade,” said Arougheti.
Within the real asset markets, Arougheti said Ares is at a meaningful inflection point, with rising transaction activity, strong funda
