Key Takeaways
- • Ara Partners has raised about $2.5 billion for its debut energy investment pool, according to the Houston-based firm and the Wall Street Journal.
- • The total comprises $1.8 billion for Ara Energy Fund I and more than $700 million in co-investment capital.
- • More than 30 investors backed the fund, including the asset-management arm of insurer Liberty Mutual Group and HF Capital, the family office of Cleveland Browns owner Jimmy Haslam.
- • The strategy targets assets such as natural gas-fired power generators, ethanol plants and fuel stations in the U.S. and Europe.
Summary
Ara Partners has amassed about $2.5 billion for a new pool to invest in energy assets, marking the private-equity firm's first dedicated energy vehicle, according to a Wall Street Journal exclusive. The firm, based in Houston, said the total includes $1.8 billion for Ara Energy Fund I and more than $700 million in co-investment capital.
The fund targets assets including natural gas-fired power generators, ethanol plants and fuel stations. Ara is seeking to expand its recently formed energy strategy in both the United States and Europe, positioning the vehicle across power generation, renewable fuels and downstream energy infrastructure.
More than 30 investors backed the fund, according to Shameek Konar, an Ara partner who leads the energy strategy. Named backers include the asset-management arm of insurer Liberty Mutual Group and HF Capital, the family office of Jimmy Haslam, owner of the NFL's Cleveland Browns.
The fund targets assets including natural gas-fired power generators, ethanol plants and fuel stations. Ara is seeking to expand its recently formed energy strategy in both the United States and Europe, positioning the vehicle across power generation, renewable fuels and downstream energy infrastructure.
More than 30 investors backed the fund, according to Shameek Konar, an Ara partner who leads the energy strategy. Named backers include the asset-management arm of insurer Liberty Mutual Group and HF Capital, the family office of Jimmy Haslam, owner of the NFL's Cleveland Browns.
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