Ares Management Corp. raises $2.2b of climate infrastructure capital

Ares Management Corp. has 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.

Through ACIP, the Ares Infrastructure and Power team provides value-add and flexible capital financing solutions in the climate infrastructure space. The team focuses on supporting the development of high-quality assets and companies across the renewable energy, resource and energy efficiency, energy storage, vehicle electrification, and transmission climate sectors. The Fund invests across the capital structure in equity, preferred equity and structured debt of assets and companies that, among other characteristics, are accelerating the transition to a low carbon economy.

The fund is partnered with Aligned Climate Capital. The deployment of the fund is well under way with nearly 50 percent of ACIP’s capital alread