Fundraising - NOVEMBER 23, 2016

Ares Management raises $431m for energy fund

by Jody Barhanovich

Ares Management has raised $430.8 million for its Ares Energy Investors Fund V, according to a filing with the SEC.

The closed-end fund will invest in U.S. energy and infrastructure. Ares hopes to raise $2 billion in equity commitments for the fund. The fund previously received a $50 million commitment from the $6.9 billion Contra Costa County (Calif.) Employees’ Retirement Association in 2015. 

In other news, Ares Management and investment partner TruAmerica Multifamily recently acquired a 1,402-unit multifamily portfolio in suburban Baltimore for $236 million. The portfolio consists of residential units spread across six properties located in submarkets of Baltimore.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy