NEW YORK (IDCA) - Ares Management Corporation has created a new Infratructure Debt Fund V, with $5 billion in commitments. “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,” said Michael Smith, Partner and Co-Head of the Ares Credit Group.

Ares has close to $350 billion in assets under management and 2,450 employees in North America, Europe, Asia Pacific, and the Middle East. It refers to itself as a “global alternative investment manager.”