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Ares Management Corporation Announces Agreement to Acquire AMP's PrivateMarketsCo Infrastructure Debt Platform Dec 23 , 2021 5:00 PM A Leading Global Infrastructure Debt Investment Platform with Long - Dated Track Record and Strong Growth Opportunities Ares ' Combined Infrastructure Assets Under Management to Increase to Over US $ 12 Billion Across Equity and Debt Strategies NEW YORK -- ( BUSINESS WIRE ) -- Ares Management Corporation ( “ Ares ” ) ( NYSE : ARES ) , a leading global alternative investment manager , announced today that its subsidiary , Ares Holdings L.P. , has entered into a definitive agreement to acquire AMP's PrivateMarketsCo Infrastructure Debt platform ( “ Infrastructure Debt " ) , one of the largest infrastructure debt investment platforms globally with approximately US $ 8 billion in assets under management , as of September 30 , 2021 . The transaction consideration is A $ 428 million ( US $ 308 million ) and will be funded using cash on hand and Ares ' US $ 1.1 billion revolving credit facility . The Infrastructure Debt team is led by its Global Head , Patrick Trears , and has 17 dedicated investment professionals located across London , Sydney , Singapore and New York . The team has established a strong risk - adjusted , long - term track record investing approximately US $ 9 billion of capital across nearly 60 transactions globally with a focus on the digital , utilities , transportation and renewable energy sectors . With a leading reputation among sponsors and developers , the team brings robust direct investment origination and high - quality deal flow capabilities . Given its strong positioning and the compelling market dynamics , the Infrastructure Debt platform has been a leading fundraiser over the past five years with support from a global investor base of approximately 100 institutional investors . This transaction adds complementary investment capabilities to Ares ' current activities in the rapidly growing infrastructure asset class . The Infrastructure Debt team is anticipated to expand and enhance Ares ' existing infrastructure strategy , which has historically focused on value - add equity and flexible capital across the power and climate infrastructure sectors . As part of Ares , the Infrastructure Debt team will be positioned to benefit from the advantages of Ares ' scaled global platform that includes its leading private credit franchise . This combination is expected to bolster future investment , market intelligence and fundraising efforts . " We are pleased to announce this acquisition of a highly complementary infrastructure debt platform . We believe that this strategic combination will further propel our infrastructure investment capabilities and expand our global footprint , ” said Michael Arougheti , Chief Executive Officer and President of Ares . “ The team shares a similar credit mindset with Ares , and our infrastructure leadership has enjoyed a great relationship with Patrick and other senior leaders for over a decade . Together we believe we are well - positioned to leverage the full scale of the Ares platform and relationships to provide optimal capital solutions for our investment partners and generate attractive risk - adjusted returns for our investors . "