Ares Core Infrastructure Fund Agrees to Sell $767M Common Shares

What Happened

• Ares Core Infrastructure Fund filed an 8-K on Sept 8, 2026 announcing it agreed to sell common shares for an aggregate purchase price of $767.0 million in its monthly closing for September 2026. The purchase price per share will equal the fund’s net asset value (NAV) per share for each class as of the last calendar day of August 2026 (NAV expected to be available within ~20 business days after Sept 1, 2026). The issuance is exempt from registration under Section 4(a)(2), Rule 506(b) of Regulation D and/or Regulation S.

Key Details

• Total agreed issuance: $767.0 million aggregate purchase price.
• Share classes involved: Class I, Class D, Class N and Class S common shares.
• Outstanding shares as of Aug 31, 2026: Class I 200,962,563; Class D 6,994,628; Class N 57,997,969; Class S 14,859,216.
• No underwriting discounts or commissions will be paid. No Upfront Sales Loads may be charged on Class I Shares; Upfront Sales Loads or other transaction fees may apply for Class D (capped at 2.0% of NAV), Class N (capped at 2.0%) and Class S (capped at 3.5%) when purchased through certain selling agents.

Why It Matters

• This transaction raises $767.0 million of capital for the fund, which can be used for investments, redemptions, or operations per the fund’s policies. For existing and prospective investors, key implications are potential dilution from a share issuance and differences in purchase costs across share classes (no upfront load for Class I; capped loads for other classes when charged by selling agents). Investors should watch the posted NAV (as of the last day of August 2026) and review the fund’s offering materials for how proceeds and new share issuance may affect per-share value.