Ares EIF Group to sell Pio Pico Energy Center

Ares EIF Group has agreed to sell the Pio Pico Energy Center to institutional investors advised by J.P. Morgan Asset Management. Financial terms weren’t announced. Pio Pico is a 322-MW simple cycle gas-fired power facility located in Otay Mesa, California. Ares Management LP acquired Ares EIF Group, formerly known as Energy Investors Funds (EIF) in January 2015.

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