About This Fund
Ara Fund III will continue Ara's strategy of investing in the decarbonization of the industrial economy, the greatest source of carbon emissions globally. Leveraging significant technical and operations expertise, the fund will pursue both buyout and growth investments in industrial companies primarily headquartered in the United States, Canada and Europe that have the potential to achieve reductions in carbon emissions across sectors, including industrial and manufacturing, chemicals and materials, energy efficiency and green fuels, and food and agriculture. Ara's predecessor fund, Ara Fund II, closed in September 2021 at approximately $1.1 billion, above its $650 million target. Ara has total assets under management of approximately $5.6 billion. As of December 2013, Ara Fund III has already completed four investments: Vacuumschmelze, a leading global producer of advanced magnetic materials and the largest producer of rare earth permanent magnets in the Western Hemisphere; Genera, a sustainable pulp and packaging producer; CFP Energy, which provides market-facing solutions in environmental and green energy products to industrial customers across Europe; and CycleØ, a fully integrated developer of distributed biomethane facilities.