Ares Management is acquiring $4 billion energy infrastructure management firm Energy Investors Funds, said Bill Mendel, Ares spokesman.
Ares is financing the transaction, which is expected to close at year-end, primarily in cash. The purchase price was not disclosed.
Ares already has an energy infrastructure debt business and the acquisition of Energy Investors Funds will give Ares an energy infrastructure equity business, Mr. Mendel said.
