Climate Finance | December 20, 2021

Ares raises $2.2 billion for climate infrastructure investments

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, December 24 — Ares Climate Infrastructure Partners Fund secured $1.4 billion in commitments to provide equity, preferred equity and structured debt for global renewable energy, energy efficiency, energy storage and vehicle electrification projects and companies. The fund will also deploy an additional $800 million from managed accounts.

The climate infrastructure fund “is focused on directly originating essential clean energy investments that have a positive impact on our communities,” Ares’ Andrew Pike said. The $282 billion global private equity investor said it has deployed $2 billion for climate infrastructure deals since 2015.

Impact reporting

Nearly half of the fund has already been invested, mainly in North America and Europe, according to the L.A.-based firm. The impact advisory firm Aligned Climate Capital will help Ares source deals and provide reporting and monitoring services.