News & AnalysisClearwater PACE holds initial close of Ares-backed $300m C-PACE strategyThe specialist firm will funnel capital from Ares Alternative Credit funds toward $40m-$50m loans with an average LTV of about 35%.ByRandy Plavajka16 April 2026•2 mins readNew YorkNorth AmericaNortheastUnited StatesAlternative lendersC-PACECapital formationFundraising