Ares Raises $5.3 Billion for Infrastructure Secondary Deals

Ares Management Corp. amassed about $5.3 billion to back infrastructure secondaries deals as investor appetite for such assets has increased.

The haul includes $3.3 billion of investor commitments for the Ares Secondaries Infrastructure Solutions III fund, surpassing the firm’s initial $2 billion target, Ares said Wednesday in an emailed statement. Contributions from the firm’s employees and money raised by affiliate funds account for the remaining $2 billion.