ARA announces new $500m equity financing led by Japan's SMBC

ARA announces new $500m equity financing led by Japan's SMBC

ARA Group CEO and co-founder John Lim speaks at the Asia PE-VC Summit 2019 in Singapore. Photo: DealStreetAsia.

Singapore-based ARA Asset Management Ltd, the largest real assets manager in the Asia Pacific, on Monday announced it has roped in Sumitomo Mitsui Banking Corp (SMBC) as the lead investor for a new $500 million equity round of financing.