The Oct. 21 record names the fund and size but does not state a strategy, sector split or named investors.
Ara Partners has launched Ara Energy Fund I with $2.5 billion in assets, according to our records of this week's fund launches. The entry is dated Oct. 21 and does not describe a strategy, a sector breakdown or any named investor.
The record does not state whether the $2.5 billion is a target, a hard cap or commitments already gathered; it is recorded as assets for the vehicle.
Reported by the Fundraising desk from Daily Network fund-launch records. Published . Corrections
The inaugural pool combines $1.8 billion of fund commitments and $700 million of co-investment for power, biofuels and fuel distribution assets.
Companies must keep fossil-fuel revenue and investment below 5%, requalify annually, and be assessed by HKEX-approved reviewers.
The close came a week after Foundation Credit announced a majority investment from New Holland Capital.
The 36MW SV01 data center backs the deal, EdgeCore's second securitization, which is more than double last year's $235 million Phoenix issue.
Ten existing colocation sites with $111.8 million of annualized recurring revenue back the three-tranche deal, which carries a 12% stressed terminal cap rate.
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