Ara Partners ("Ara"), a private equity firm specializing in industrial decarbonization investments, today announced the closing of Ara Fund II ("Fund II" or the "Fund") with approximately $1.1 billion in capital commitments. The Fund was significantly oversubscribed, exceeding its $650 million initial target and increasing its hard cap. The Fund received commitments from a diverse set of returning and new institutional investors in North America, Europe and Asia, including public pensions, sovereign wealth funds, endowments and foundations.