Ares Management Corp. held its final closing of its Infrastructure Debt Fund V on Dec. 29 at approximately $5 billion, a press release announced on Jan. 11.

The fund was focused on making subordinated investments across the energy, utilities, digital, renewables and transportation sectors, Ares said in the release.

"By adding the Infrastructure Debt strategy to the Ares platform, we have been able to provide our investors a meaningful opportunity to participate in the expanding infrastructure market," partner and co-head of the Ares Credit Group Michael Smith commented in the release.

"As a leader in private credit and infrastructure debt, we seek to provide one-stop financing solutions for essential infrastructure projects and companies," he continued. "Our scale and flexibility have allowed us to create sustainable, long-term partnerships across the world, further enhancing the value we can provide our investors."

Headquartered in New York, Ares' infrastructure debt team has committed approximately $10.4 billion to more than 60 assets across the U.S., Europe, Australia and Asia since 2011.

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