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The manager is on the hunt for borrowers with ESG-related business plans.
The manager has announced first two such loans, and will offer pricing benefits to borrowers who achieve targets.
Ares’ co-founder and chief executive, Michael Arougheti, shed light on the firm’s approach to ESG in its Q2 financial results call.
The borrower provides water infrastructure and services for the oil and gas industry and operates in the Midland and Delaware Basins in Texas. 
Part of the proceeds of the refinancing will be used to upgrade the network in preparation for transportation of hydrogen.
Eiffel Investment Group has raised €576m for Impact Debt II – an Article 9 fund that incentivises corporate ESG improvement through margin discounts and increases.
Digital infrastructure
Data centre operator EdgeConneX is Ares’ third borrower with an interest rate is linked to achieving sustainability KPIs.
The UK insurer’s asset management arm is also raising a climate transition fund and has set a 2040 net-zero target for its £47bn real assets portfolio.
A rapidly changing ESG landscape faces market participants, says ELFA’s Sabrina Fox.
A small group of experts and investors are sounding the alarm about how avoiding taxes creates portfolio risks.

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