Ara Partners Group announced its new name, which 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, as well as operating platform Teleios Commodities.

The Ara Affiliate Managers currently manage, in aggregate, approximately $2.2 billion of committed capital.

"We're excited about our recent growth and about the rebranding of Ara Partners," said Charles Cherington, Managing Partner of Ara Partners. "We've been gratified by the response to the Ara Partners model from both private equity managers and investors."

"We believe that Ara Partners is positioned as a unique platform in the lower middle market private equity space," added Troy Thacker, Managing Partner of Ara Partners.  "We expect the significant growth for Ara Partners and our affiliates to continue in the coming years."