Ares Alternative Credit Acquires 20% Stake in Plenitude for Approximately €2 Billion

Ares Management Invests €2 Billion for 20% Stake in Plenitude

November 5, 2025

Renewable Energy

Ares Management, via its Ares Alternative Credit funds and affiliated vehicles, acquired a 20% stake in Plenitude from Eni for €2 billion, valuing the renewable energy and energy solutions company at over €12 billion. The investment will strengthen Plenitude’s shareholder base and support the company’s growth in renewable generation, energy retailing and electrification services as it pursues a target of 10 GW of capacity by 2028.

Makarora Management and Ares Alternative Credit Acquire Plymouth Industrial REIT for $2.1 Billion

January 27, 2026

Real Estate

Makarora Management, together with Ares Alternative Credit funds, completed the previously announced all-cash acquisition of Plymouth Industrial REIT for approximately $2.1 billion. Plymouth shareholders received $22.00 per share, and Plymouth is no longer publicly traded on any securities exchange.

Ares Infrastructure Funds Acquire Majority Stake in Apex Clean Energy

October 6, 2021

Renewable Energy

Ares Management Corporation’s Infrastructure and Power strategy, through funds and other accounts, has agreed to acquire a majority stake in Apex Clean Energy. The investment is intended to provide Apex with additional equity growth capital as it transitions to a pure-play renewable energy independent power producer (IPP) and expands into areas such as energy storage, distributed energy resources, and green fuels.

Growth Capital Partners Makes Minority Investment in Plenitude Consulting

July 14, 2022

Consulting

Growth Capital Partners (GCP) has completed a minority growth investment in Plenitude Consulting, a UK-based financial crime risk and compliance specialist. The capital will be used to expand Plenitude’s capabilities (including Digital Assets advisory and KYC Managed Services), accelerate geographic expansion into Asia, and scale its RegTech subscription products and advisory services.

Ares Management to Acquire BlueCove (to Launch Ares Systematic Credit)

February 3, 2026

Financial Services

Ares Management Corporation announced that it entered into a definitive agreement to acquire BlueCove Limited, and later reported it has completed the acquisition. BlueCove’s systematic fixed-income business will be integrated into Ares Systematic Credit within the Ares Credit Group.

Ares Closes $850M Continuation Vehicle for Convergint Technologies

March 3, 2026

IT Services

Ares Management has closed an $850 million single-asset continuation vehicle for Convergint Technologies, extending its long-running investment in the global, technology-enabled security and safety solutions systems integrator. Leonard Green & Partners led and fully underwrote the Sage Fund continuation vehicle, while Ares also made a substantial new investment, maintaining shared control alongside existing co-sponsors.