Ares Core Infrastructure Fund Sells $769M in Shares, Declares Monthly Distributions

What Happened
Ares Core Infrastructure Fund announced it sold 31,031,335 common shares for aggregate proceeds of $769.0 million; the share allotment was finalized on September 22, 2026. The sales were priced at the Fund’s net asset value (NAV) per share as of August 31, 2026 ($24.7808) and were made in transactions exempt from Securities Act registration (Section 4(a)(2), Rule 506(b) of Regulation D and/or Regulation S). The filing also reports the Fund’s aggregate NAV at about $6,958.8 million and the fair value of portfolio investments at approximately $7,882.3 million as of August 31, 2026.

Key Details

• Shares sold (finalized Sept 22, 2026): Class I 15,521,185 ($384.6M); Class D 528,837 ($13.1M); Class N 13,049,204 ($323.4M); Class S 1,932,109 ($47.9M). Total = 31,031,335 shares, $769.0M.
• NAV and portfolio: NAV per share (all classes) = $24.7808 (Aug 31, 2026); aggregate NAV ≈ $6,958.8M; portfolio fair value ≈ $7,882.3M; 11 equity investments with fair value ≈ $6,252.8M.
• Distributions: declared regular monthly gross distributions of $0.20830 per share for September, October, November and December 2026. Record/payment timing: Sept record 9/30/26 (pay ~10/23/26); Oct record 10/30/26 (pay ~11/20/26); Nov record 11/30/26 (pay ~12/24/26); Dec record 12/31/26 (pay ~1/25/27). Net amounts differ by class due to servicing/distribution fees: Class I net $0.20830; Class D net $0.20321; Class N net $0.19812; Class S net $0.19099.
• Portfolio mix (by fair value, Aug 31, 2026): common equity 61.46%, preferred equity 12.87%, first‑lien senior secured loans 18.72%, other allocations remainder. Top industries: independent power & renewables 40.5%, oil/gas & consumable fuels 39.1%, data centers 8.6%, transportation infrastructure 5.8%.
• Offering status: Fund continues a continuous unregistered offering. Year‑to‑date totals as of the filing: 309,456,845 shares issued for $7,705.0M in total consideration.

Why It Matters
For investors, the $769M share sale increases the Fund’s capital base and reflects continued fundraising through an exempt offering priced at NAV. The declared monthly distributions ($0.20830 per share) provide a predictable income stream for shareholders; net amounts vary by share class because some classes pay servicing/distribution fees. The portfolio remains concentrated in energy and infrastructure-related sectors (notably renewables and oil & gas), which drives the Fund’s income and risk profile. The NAV, portfolio fair value and ongoing offering figures give concrete measures of the Fund’s size and recent capital inflows without implying performance forecasts.