07:08 AM EDT, 10/08/2025 (MT Newswires) -- Ares Management ( ARES ) said Wednesday it raised about $5.3 billion for its infrastructure secondaries strategy.

The Ares Secondaries Infrastructure Solutions III fund closed above its initial $2 billion target at roughly $3.3 billion. The company said the investment vehicle will focus on "seasoned" private infrastructure assets.

The remaining capital for the strategy came from general partner commitments and affiliated vehicles, Ares said.