Kirkland & Ellis advised Ares Management Corporation, a leading global alternative investment manager, on the final closing of its Infrastructure Debt Fund V (IDF V), which is focused on making subordinated investments across the digital, utilities, renewables, energy and transportation sectors. IDF V held its final close on December 29, 2022, at approximately $5 billion, including general partner commitments and related transaction vehicles. Read the press release The Kirkland team was led by investment funds partners Richard Watkins, Aisling Campbell, Reed Schuster and Joshua Westerholm and associates Sebastien Clisson, Stephen Giblin and Courtney May and tax partners Stephen Butler, Ian Ferreira and Art Ward and associates Frankie Beetham, Bojana Ilic and Christopher Worek.