Ares Management pools capital from institutions, corporations, and high-net-worth individuals into funds across credit, private equity, real estate, and infrastructure to help clients grow their wealth. It operates by assembling diversified investment vehicles, deploying capital to buy assets or lend money, and earning money from management fees, performance fees, and investment income. What sets it apart is its collaborative, multi-asset approach and flexible capital across markets and cycles, backed by a large, diverse client base. Its goal is to deliver steady, attractive returns for clients while supporting businesses and communities through different market cycles.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
1997
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Middle River Power acquires Panoche Energy Center from Ares. Oct 06, 2026, 09:00 ET Addition strengthens MRP's flexible capacity portfolio as demand for dispatchable resources accelerates across the Western Interconnection CHICAGO, Oct. 6, 2026 /PRNewswire/ - Middle River Power (MRP) today announced it has closed on the acquisition of Panoche Energy Center (Panoche), a fully contracted 427-megawatt (MW) natural gas generation facility located in Firebaugh, California, from an Ares Infrastructure Equity fund (Ares). The acquisition builds on MRP's growing portfolio of flexible, reliable, and cleaner generation assets, following the additions of the 240 MW Midway-Sunset and 250 MW Brush facilities earlier this year. MRP expects to apply its hybridization strategy to Panoche, pairing efficient thermal capacity with storage to meet rising demand across multiple sectors, including utilities, data centers, and industrial offtakers. "We continue to add to our portfolio of flexible, reliable, and clean generation assets across the West with the acquisition of Panoche from Ares," said Mark Kubow, Chief Executive Officer at Middle River Power. "This fully contracted facility adds to our growing footprint across the West, following the additions of the Midway-Sunset facility in Kern County, California, and the Brush facility in Morgan County, Colorado, earlier this year. We expect to deploy our strategy of hybridizing critical capacity resources so we can continue delivering reliable, affordable, and cleaner energy well into the future, for customers throughout the region." "Ares is proud to have supported this critical asset since its development twenty years ago, and we're pleased to have worked closely with MRP throughout this process to facilitate a smooth transition and a compelling next chapter for Panoche," said Keith Derman, Head of Ares Infrastructure Equity. "We believe that Panoche will continue to provide reliable, efficient, and flexible capacity to the California grid." About Middle River Power Middle River Power (MRP) is an independent power producer and asset management company focused on finding creative solutions that accelerate the energy transition. MRP's strategy combines new technologies and resources with under-utilized legacy generation assets, delivering cleaner, more reliable, and cost-efficient resources, faster than any standalone development. With a specialty in repositioning existing, safe, critical resources with co-located and hybrid development projects, MRP delivers clean, reliable energy solutions to its customers and communities. In 2025, MRP was acquired by Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients. For more information, visit www.middleriverpower.com. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation's global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com. SOURCE Middle River Power
SEATTLE and WASHINGTON, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Sabey Corporation ("Sabey") and National Real Estate Advisors, LLC ("National") today announced that Ares Secondaries funds ("Ares")
BAKU, Azerbaijan, October 1. Italy’s Eni has completed the reorganization of the shareholding structure of its renewable energy and retail subsidiary Plenitude, introducing a joint-control framework…
Ares Management Corp. raised $4.2 billion for its debut secondaries fund, more than quadrupling its initial target of $1 billion. The Ares Global Structured Solutions Fund will primarily provide preferred equity to private managers seeking to make larger commitments to their latest funds, seed new strategies, and arrange succession planning. Nate Walton, Ares's head of secondaries, said the firm underestimated demand from limited partners. The fund's strategy focuses on structured solutions, offering capital to private equity and alternative asset managers whilst addressing their strategic needs. The significant oversubscription demonstrates strong investor appetite for secondaries strategies in the private markets. Ares Management joins other firms capitalising on growing demand for such solutions among fund managers.
Ares, Apollo lead $6.5 billion debt deal for Phoenix Tower. September 30, 2026 at 10:01 PM PDT Updated on October 1, 2026 at 12:23 AM PDT Ares Management Corp. and Apollo Global Management are leading a $6.5 billion debt package for Phoenix Tower International, a Florida-based owner and operator of telecom tower infrastructure. Ares is providing around $2 billion, while Apollo and its affiliate Apterra Infrastructure Capital committed $1.8 billion, according to people familiar with the matter.