Ara Partners Closes Over $3 Billion of New Capital Commitments
Summary
The fund, which received the support from Ara’s existing investor base and a diverse set of new institutional investors comprised of pension funds, insurance companies, sovereign wealth funds, endowments, and foundations from North America, Europe, and the Asia-Pacific region, focuses on buyout and growth investments in industrial decarbonization sector. Fund III has already completed four investments: • Vacuumschmelze, a global producer of advanced magnetic materials and the largest producer of rare earth permanent magnets in the Western Hemisphere; • CFP Energy, which provides market-facing solutions in environmental and green energy products to industrial customers across Europe; and Leveraging significant technical and operations expertise, the vehicle will pursue both buyout and growth investments in industrial companies primarily headquartered in the United States, Canada and Europe that have the potential to achieve reductions in carbon emissions across sectors, including industrial and manufacturing, chemicals and materials, energy efficiency and green fuels, and food and agriculture. Founded in 2017 by Charles Cherington, and Troy Thacker, Ara Partners is a private equity and infrastructure firm focused on industrial decarbonization investments. It 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. Ara’s experienced investment team also includes Partners Chris Picotte, Cory Steffek, and Tuan Tran, as well as Teresa O’Flynn and Churchill George Yong, Co-Heads of the Firm’s infrastructure strategy.