Ares Management Corporation Completes Acquisition of AMP Capital’s Infrastructure Debt Platform
10 Februar 2022 - 10:15PM
Business Wire
Ares’ Combined Infrastructure Assets Under
Management to Increase to Over US$12 Billion
Ares’ Infrastructure Strategy to Benefit from
the Global Scale and Experience of New Infrastructure Debt
Platform
Ares Management Corporation (“Ares”), a leading global
alternative investment manager, announced today that its subsidiary
has completed its previously announced acquisition of AMP Capital’s
Infrastructure Debt platform (“Infrastructure Debt”). As one of the
largest infrastructure debt investment platforms globally, this
transaction adds approximately US$8 billion in assets under
management, which would result in combined infrastructure assets
under management of over US$12 billion across Ares’ debt and equity
platforms, as of September 30, 2021.
Patrick Trears, Partner and Head of Ares Infrastructure Debt,
will lead 19 dedicated investment professionals located across
London, New York, Singapore, and Sydney. Ares is expected to
benefit from the Infrastructure Debt platform’s complementary
investment capabilities, global network and long-term investment
experience. In addition, the Infrastructure Debt team will be able
to leverage Ares’ scaled global platform, including its deep
infrastructure experience in climate infrastructure and its leading
private credit franchise, to capitalize on the rapidly growing
infrastructure asset class. As previously announced, Infrastructure
Debt, along with Ares’ Infrastructure and Power strategy, will
become part of a new reporting segment called the Ares Real Assets
Group for the quarter ended March 31, 2022.
“We are excited to welcome the Infrastructure Debt team to
Ares,” said Michael Arougheti, Chief Executive Officer and
President of Ares. “This highly complementary transaction
accelerates the expansion of our leading credit and infrastructure
platforms and bolsters Ares’ investing capabilities, global market
coverage and execution in the growing infrastructure sector. We
look forward to working with our new team members as we continue to
seek attractive returns for our investors and strengthen Ares’
leadership position.”
“Joining Ares is a transformative next step for our team that
builds on our great progress in addressing the global market
opportunity,” said Patrick Trears. “We believe this powerful
combination will enable us to accelerate our growth by leveraging
the scale and strength of the global Ares platform for fundraising,
sourcing investments and delivering bespoke capital solutions. As
we continue to execute our strategy for driving value, we are eager
to collaborate closely with and benefit from the deep experience of
our new Ares colleagues for whom we have great respect.”
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global
alternative investment manager offering clients complementary
primary and secondary investment solutions across the credit,
private equity, real estate and infrastructure asset classes. We
seek to provide flexible capital to support businesses and create
value for our stakeholders and within our communities. By
collaborating across our investment groups, we aim to generate
consistent and attractive investment returns throughout market
cycles. As of September 30, 2021, Ares Management Corporation's
global platform had approximately US$282 billion of assets under
management, with approximately 2,000 employees operating across
North America, Europe, Asia Pacific and the Middle East. For more
information, please visit www.aresmgmt.com. Follow Ares on Twitter
@Ares_Management.
Forward-Looking Statements
Statements included herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, which relate to future events or our future
performance or financial condition. These statements are not
guarantees of future performance, condition or results and involve
a number of risks and uncertainties, including the ability of Ares
to effectively integrate the AMP Capital Infrastructure Debt
platform into our operations and to achieve the expected benefit
therefrom. Actual results may differ materially from those in the
forward-looking statements as a result of a number of factors,
including those described from time to time in our filings with the
Securities and Exchange Commission. Ares Management Corporation
undertakes no duty to update any forward-looking statements made
herein.
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version on businesswire.com: https://www.businesswire.com/news/home/20220210005893/en/
Media: Australia Peter Brookes, +61 407 911 389
pbrookes@citadelmagnus.com.au Brett Clegg, +61 487 436 985
bclegg@citadelmagnus.com.au or Ares Management Brittany Cash, +1
212 301 0347 media@aresmgmt.com
Investors: Ares Management Corporation Carl Drake, +1 888 818
5298 cdrake@aresmgmt.com or Greg Mason, +1 314 282 2533
gmason@aresmgmt.com
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