TX-based Ara Partners Secures over $3 Billion in New Funding Commitments. After a successful fundraising campaign, the Firm has closed on $2.8 billion in limited partner commitments for Ara Fund III (“Fund III” or the “Fund”), in addition to specialised limited partner co-investment vehicles.
With the support of Ara’s current investor base as well as a diverse group of new institutional investors from North America, Europe, the Asia-Pacific region, and pension funds, insurance companies, and sovereign wealth funds, the Fund was significantly oversubscribed at an increased hard cap, surpassing its initial target of $2 billion.
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The Fund will seek buyout and growth investments in industrial companies, primarily headquartered in the United States, Canada, and Europe, with the potential to achieve decreases in carbon emissions across sectors, including industrial and manufacturing, chemicals and materials, energy efficiency and green fuels, food and agriculture, and so on. The Fund will do this by leveraging significant technical and operations expertise.
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Charles Cherington, Managing Partner of Ara said, “We are grateful for the extraordinary interest in Fund III demonstrated by Ara’s increasingly global, blue-chip investor base,” “The strong support from new and existing investors, is a testament to their confidence in our talented team, our investment strategy, and the compelling opportunities in the industrial decarbonization sector. We look forward to collaborating with our world-class portfolio company management teams to generate strong returns for our investors in the coming years.”
Troy Thacker, Managing Partner of Ara said, “The growing, global presence of Ara’s platform and portfolio directly reflects the industrial economy’s continued demand for the technological innovation and infrastructure needed to decarbonize, The support we have received for Fund III will enable the Ara team to continue investing in high-growth companies globally that are positioned to build value while achieving positive environmental impacts.”
Ara was founded in 2017 by Mr. Cherington and Mr. Thacker. In addition to Partners Chris Picotte, Cory Steffek, and Tuan Tran, Ara’s skilled investing team also includes Churchill George Yong and Teresa O’Flynn, who co-head the firm’s infrastructure strategy.
About Ara Partners
Ara Partners is a private equity and infrastructure firm focused on industrial decarbonization investments. Ara Partners invests in the industrial and manufacturing, chemicals and materials, energy efficiency and green fuels, infrastructure, and food and agriculture sectors, seeking to create companies with significant decarbonization impact. It operates from offices in Houston, Boston and Dublin, Ireland.
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