Ara Partners closes $3b in commitments; $2.8 for Fund III

Ara Partners, a private equity and infrastructure firm specializing in industrial decarbonization investments, has successfully closed over $3 billion in new capital commitments. This includes $2.8 billion for Ara Fund III, surpassing its initial $2 billion target and garnering support from existing and new institutional investors across North America, Europe, and the Asia-Pacific region.

The oversubscribed Fund will uphold Ara's strategy of investing in decarbonizing the industrial economy, focusing on buyout and growth investments in US, Canadian, and European industrial companies. These investments aim to achieve carbon emission reductions in various sectors, including manufacturing, chemicals, energy efficiency, and agriculture. With total assets under management reaching approximately $5.6 billion, Ara Partners continues its commitment to advancing sustainable industrial practices.