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Ares closes fifth infrastructure debt fund

Ares Management holds final close for IDF V in December 2022.

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Fund Name: Infrastructure Debt Fund V (IDF V)
Amount raised: $5 billion
Stage of fundraising: Final close
Predecessor fund: Infrastructure Debt Fund IV

Ares Management held a final close on $5 billion for Infrastructure Debt Fund V on 29 December 2022, according to a recent press release.

The Los Angeles-based asset manager launched its fifth flagship infrastructure debt fund in November 2020, with a target size of $5 billion. The vehicle’s predecessor, Infrastructure Debt Fund IV, held a final close in October 2019 with $4 billion in capital raised.

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