Ares Management Corp., a Los Angeles-based alternative investment manager, has closed its Infrastructure Debt Fund V, which is focused on making subordinated investments across the digital, utilities, renewables, energy and transportation sectors, at approximately $5 billion.
Through IDF V, the Ares infrastructure debt team looks to continue to provide capital services for infrastructure assets with predictable cash flows, and the team has invested or committed approximately $2 billion of IDF V’s investable capital base to date. Along with its investments, IDF V has structured sustainability-linked debt facilities.
“As a leader in private credit and infrastructure debt, we seek to provide one-stop financing solutions for essential infrastructure projects and companies,” comments Michael Smith, partner and co-head of the Ares Credit Group. “Our scale and flexibility have allowed us to create sustainable, long-term partnerships across the world, further enhancing the value we can provide our investors.”