PE Firm Whose Platform Has Invested In Retail Supplier Adopts New Name
June 20,2018
Ara Partners Group announced its new name, which it said, "reflects the private equity platform's recent growth and future focus."
Ara Partners was founded as Argus Energy Managers in early 2017 as an affiliate network of three energy private equity firms: Intervale Capital, Bayou City Energy and Cibolo Energy Partners. The Ara Partners platform has since grown to include Junction Energy Capital, Aksiom Partners and AEM Advisers (collectively, the "Ara Affiliate Managers"), as well as operating platform Teleios Commodities.
Teleios Commodities (f/k/a Argus Commodity Services) recently provided capital to start-up retail supplier Powervine Energy (see story here). As previously reported, retail energy and energy trading vet Brandon Schwertner is Founder & Managing Partner at Teleios Commodities
The Ara Affiliate Managers currently manage, in aggregate, approximately $2.2 billion of committed capital