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CM - Ares’ IGS Resi Solar III fund raises $150MM for new projects - June 2020



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Ares Management Corp., through its Infrastructure and Power strategy group and IGS Ventures unit, raised $150 million in capital for new fund IGS Resi Solar III LLC. The capital commitments for Solar III comprises cash equity from its sponsors, tax equity, and debt that will be deployed to fund a portfolio of nearly 4,000 residential solar power installations with 25-year power purchase agreements or leases across multiple states. The Solar funds, of which this......
 
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