Houston-headquartered Ara partners invests in mid-sized companies decarbonizing the industrial economy, from steel and cement to chemicals and other hard-to-abate industrial sectors. Liberty Mutual Investments, which oversees $117 billion in long-term capital on behalf of Liberty Mutual Insurance, has formed a co-investment partnership with Ara.
Liberty Mutual and Ara will collaborate on existing and future investments including Centric Fiber, a Texas-based provider of high-speed broadband infrastructure for residential communities in the US, and ethanol production facilities with carbon capture systems, as well as fossil fuel assets, including natural gas production and retail gas stations in Germany and Austria.
Liberty Mutual will also anchor Ara’s first energy fund. Ara’s maiden infrastructure fund raised $800 million last May.
