Filing Details

Accession Number:
0001104659-23-018540
Form Type:
13G Filing
Publication Date:
2023-02-09 19:00:00
Filed By:
Ares Management Llc
Company:
Ftai Infrastructure Inc.
Filing Date:
2023-02-10
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
ASOF II FTAI Holdings 0 2,523,316 0 2,523,316 2,523,316 2.5%
ASOF II FTAI Holdings 0 121,612 0 121,612 121,612 0.1%
ASOF II FTAI Holdings 0 135,446 0 135,446 135,446 0.1%
ASOF II FTAI Holdings 0 131,300 0 131,300 131,300 0.1%
ASOF II FTAI Holdings 0 130,046 0 130,046 130,046 0.1%
ASOF II FTAI Holdings 0 137,808 0 137,808 137,808 0.1%
ASOF II FTAI Holdings 0 138,164 0 138,164 138,164 0.1%
ASOF II A (DE) FTAI Holdings 0 604,464 0 604,464 604,464 0.6%
ASOF II A (DE) FTAI Holdings 0 22,228 0 22,228 22,228 Less than 0.1%
ASOF Holdings II 0 1,972,204 0 1,972,204 1,972,204 1.9%
Ares Private Opportunities 0 358,256 0 358,256 358,256 0.4%
Ares PA Opportunities Fund 0 214,950 0 214,950 214,950 0.2%
Ares Credit Investment Partnership I (V) 0 143,306 0 143,306 143,306 0.1%
ASOF Investment Management 0 5,916,588 0 5,916,588 5,916,588 5.6%
ACOF Investment Management 0 358,256 0 358,256 358,256 0.4%
Ares CIP (V) Management 0 143,306 0 143,306 143,306 0.1%
Ares Management 0 6,685,132 0 6,685,132 6,685,132 6.3%
Ares Management Holdings 0 6,685,132 0 6,685,132 6,685,132 6.3%
Ares Holdco 0 6,685,132 0 6,685,132 6,685,132 6.3%
Ares Management Corporation 0 6,685,132 0 6,685,132 6,685,132 6.3%
Ares Voting 0 6,685,132 0 6,685,132 6,685,132 6.3%
Ares Management GP 0 6,685,132 0 6,685,132 6,685,132 6.3%
Ares Partners Holdco 0 6,685,132 0 6,685,132 6,685,132 6.3%
Filing

 

 

 

Securities and Exchange Commission 

Washington, D.C. 20549

 

Schedule 13G

 

(Rule 13d-102)

 

Information to be Included in Statements Filed Pursuant 

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed 

Pursuant to § 240.13d-2

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

(Amendment No. 1)*

 

FTAI Infrastructure Inc. 

(Name of Issuer)

 

Common Stock, par value $0.01 per share 

(Title of Class of Securities)

 

35953C106 

(CUSIP Number) 

 

December 31, 2022

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 1 of 33

 

1

Names of Reporting Persons
 

ASOF II FTAI Holdings 1 L.P.

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0

 

6

Shared Voting Power

 

2,523,316

 

7

Sole Dispositive Power

 

0

 

8

Shared Dispositive Power

 

2,523,316

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,523,316

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

2.5%

 

12

Type of Reporting Person
 

PN

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 2 of 33

 

1

Names of Reporting Persons
 

ASOF II FTAI Holdings 2 L.P.

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

121,612
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

121,612

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

121,612

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

0.1%

 

12

Type of Reporting Person

 

PN

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 3 of 33

 

1

Names of Reporting Persons
 

ASOF II FTAI Holdings 3 L.P.

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

135,446
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

135,446

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

135,446

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

0.1%

 

12

Type of Reporting Person
 

PN

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 4 of 33

 

1

Names of Reporting Persons
 

ASOF II FTAI Holdings 4 L.P.

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

131,300
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

131,300

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

131,300

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

0.1%

 

12

Type of Reporting Person
 

PN

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 5 of 33

 

1

Names of Reporting Persons
 

ASOF II FTAI Holdings 5 L.P.

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

130,046
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

130,046

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

130,046

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

0.1%

 

12

Type of Reporting Person
 

PN

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 6 of 33

 

1

Names of Reporting Persons
 

ASOF II FTAI Holdings 6 L.P.

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

137,808
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

137,808

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

137,808

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

0.1%

 

12

Type of Reporting Person
 

PN

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 7 of 33

 

1

Names of Reporting Persons
 

ASOF II FTAI Holdings 7 L.P.

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

138,164
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

138,164

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

138,164

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

0.1%

 

12

Type of Reporting Person
 

PN

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 8 of 33

 

1

Names of Reporting Persons
 

ASOF II A (DE) FTAI Holdings 1 L.P.

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

604,464
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

604,464

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

604,464

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

0.6%

 

12

Type of Reporting Person
 

PN

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 9 of 33

 

1

Names of Reporting Persons
 

ASOF II A (DE) FTAI Holdings 2 L.P.

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

22,228
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

22,228

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

22,228

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

Less than 0.1%

 

12

Type of Reporting Person
 

PN

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 10 of 33

 

1

Names of Reporting Persons
 

ASOF Holdings II, L.P.

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

1,972,204
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

1,972,204

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,972,204

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

1.9%

 

12

Type of Reporting Person
 

PN

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 11 of 33

 

1

Names of Reporting Persons
 

Ares Private Opportunities 2020 (C), LP

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

358,256
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

358,256

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

358,256

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

0.4%

 

12

Type of Reporting Person
 

PN

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 12 of 33

 

1

Names of Reporting Persons
 

Ares PA Opportunities Fund, L.P.

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

214,950
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

214,950

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

214,950

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

0.2%

 

12

Type of Reporting Person
 

PN

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 13 of 33

 

1

Names of Reporting Persons
 

Ares Credit Investment Partnership I (V), L.P.

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

143,306
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

143,306

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

143,306

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

0.1%

 

12

Type of Reporting Person
 

PN

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 14 of 33

 

1

Names of Reporting Persons
 

ASOF Investment Management LLC

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

5,916,588
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

5,916,588

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

5,916,588

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

5.6%

 

12

Type of Reporting Person
 

OO (Limited Liability Company)

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 15 of 33

 

1

Names of Reporting Persons
 

ACOF Investment Management LLC

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

358,256
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

358,256

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

358,256

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

0.4%

 

12

Type of Reporting Person
 

OO (Limited Liability Company)

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 16 of 33

 

1

Names of Reporting Persons
 

Ares CIP (V) Management LLC

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

143,306
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

143,306

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

143,306

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

0.1%

 

12

Type of Reporting Person
 

OO (Limited Liability Company)

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 17 of 33

 

1

Names of Reporting Persons
 

Ares Management LLC

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

6,685,132
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

6,685,132

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,685,132

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

6.3%

 

12

Type of Reporting Person
 

OO (Limited Liability Company)

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 18 of 33

 

1

Names of Reporting Persons
 

Ares Management Holdings L.P.

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

6,685,132
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

6,685,132

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,685,132

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

6.3%

 

12

Type of Reporting Person
 

PN

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 19 of 33

 

1

Names of Reporting Persons
 

Ares Holdco LLC

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

6,685,132
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

6,685,132

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,685,132

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

6.3%

 

12

Type of Reporting Person
 

OO (Limited Liability Company)

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 20 of 33

 

1

Names of Reporting Persons
 

Ares Management Corporation

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

6,685,132
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

6,685,132

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,685,132

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

6.3%

 

12

Type of Reporting Person
 

CO

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 21 of 33

 

1

Names of Reporting Persons
 

Ares Voting LLC

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

6,685,132
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

6,685,132

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,685,132

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

6.3%

 

12

Type of Reporting Person
 

OO (Limited Liability Company)

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 22 of 33

 

1

Names of Reporting Persons
 

Ares Management GP LLC

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

6,685,132
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

6,685,132

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,685,132

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

6.3%

 

12

Type of Reporting Person
 

OO (Limited Liability Company)

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 23 of 33

 

1

Names of Reporting Persons
 

Ares Partners Holdco LLC

 

2

Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

 

3

SEC Use Only
 

 

4

Citizenship or Place of Organization

Delaware

 

Number of Shares
Beneficially Owned by
Each Reporting Person
With
5

Sole Voting Power

 

0
 

6

Shared Voting Power

 

6,685,132
 

7

Sole Dispositive Power

 

0
 

8

Shared Dispositive Power

 

6,685,132

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,685,132

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

 

11

Percent of Class Represented by Amount in Row 9
 

6.3%

 

12

Type of Reporting Person
 

OO (Limited Liability Company)

 

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 24 of 33

 

ITEM 1.                   (a)          Name of Issuer:

 

FTAI Infrastructure Inc. (the “Issuer”).

 

(b)           Address of Issuer’s Principal Executive Offices:

 

1345 Avenue of the Americas, 45th Floor, New York, NY 10105.

 

ITEM 2.                   (a)          Name of Person Filing:

 

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

 

1.ASOF II FTAI Holdings 1 L.P. (“Holdings 1”)
2.ASOF II FTAI Holdings 2 L.P. (“Holdings 2”)
3.ASOF II FTAI Holdings 3 L.P. (“Holdings 3”)
4.ASOF II FTAI Holdings 4 L.P. (“Holdings 4”)
5.ASOF II FTAI Holdings 5 L.P. (“Holdings 5”)
6.ASOF II FTAI Holdings 6 L.P. (“Holdings 6”)
7.ASOF II FTAI Holdings 7 L.P. (“Holdings 7”)
8.ASOF II A (DE) FTAI Holdings 1 L.P. (“ (DE) Holdings 1”)
9.ASOF II A (DE) FTAI Holdings 2 L.P. (“ (DE) Holdings 2”)
10.ASOF Holdings II, L.P. (“ASOF Holdings II” and, together with Holdings 1, Holdings 2, Holdings 3, Holdings 4, Holdings 5, Holdings 6, Holdings 7, (DE) Holdings 1 and (DE) Holdings 2, the “ASOF Holders”)
11.Ares Private Opportunities 2020 (C), LP (“Ares Private Opportunities”)
12.Ares PA Opportunities Fund, L.P. (“Ares PA Opportunities Fund”)
13.Ares Credit Investment Partnership I (V), L.P. (“Ares Credit Investment Partnership”)
14.Ares CIP (V) Management LLC (“Ares CIP (V) Management”)
15.ASOF Investment Management LLC (“ASOF Investment Management”)
16.ACOF Investment Management LLC (“ACOF Investment Management”)
17.Ares Management LLC
18.Ares Management Holdings L.P. (“Ares Management Holdings”)
19.Ares Holdco LLC (“Ares Holdco”)
20.Ares Management Corporation (“Ares Management”)
21.Ares Voting LLC (“Ares Voting”)
22.Ares Management GP LLC (“Ares Management GP”)
23.Ares Partners Holdco LLC (“Ares Partners”)

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 25 of 33

 

(b)Address or Principal Business Office:

 

The address for each of the Reporting Persons is c/o Ares Management LLC, 2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067.

 

(c)Citizenship of each Reporting Person is:

 

Each of the Reporting Persons is organized under the laws of the State of Delaware.

 

(d)Title of Class of Securities:

 

Common Stock, par value $0.01 per share (“Common Stock”).

 

(e)CUSIP Number:

  

35953C106

 

ITEM 3. 

 

Not applicable.

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 26 of 33

 

ITEM 4.Ownership.

 

(a-c)

 

The ownership information presented below represents beneficial ownership of Common Stock of the Issuer as of the date hereof, based upon 99,414,097 shares of Common Stock issued and outstanding as of November 18, 2020, as disclosed in the Issuer’s Registration Statement on Form S-3 filed with the Securities and Exchange Commission on November 22, 2022.

 

Reporting Person 

Amount

beneficially

owned:

  

Percent

of class:

   Sole
power
to vote
or to
direct
the vote:
   Shared
power to
vote or to
direct the vote:
  

Sole
power to
dispose or
to direct
the
disposition

of:

  

Shared

power to

dispose or

to direct

the

disposition

of:

 
ASOF II FTAI Holdings 1 L.P.   2,523,316    2.5%   0    2,523,316    0    2,523,316 
ASOF II FTAI Holdings 2 L.P.   121,612    0.1%   0    121,612    0    121,612 
ASOF II FTAI Holdings 3 L.P.   135,446    0.1%   0    135,446    0    135,446 
ASOF II FTAI Holdings 4 L.P.   131,300    0.1%   0    131,300    0    131,300 
ASOF II FTAI Holdings 5 L.P.   130,046    0.1%   0    130,046    0    130,046 
ASOF II FTAI Holdings 6 L.P.   137,808    0.1%   0    137,808    0    137,808 
ASOF II FTAI Holdings 7 L.P.   138,164    0.1%   0    138,164    0    138,164 
ASOF II A (DE) FTAI Holdings 1 L.P.   604,464    0.6%   0    604,464    0    604,464 
ASOF II A (DE) FTAI Holdings 2 L.P.   22,228    *    0    22,228    0    22,228 
ASOF Holdings II, L.P.   1,972,204    1.9%   0    1,972,204    0    1,972,204 
Ares Private Opportunities 2020 (C), LP   358,256    0.4%   0    358,256    0    358,256 
Ares PA Opportunities Fund, L.P.   214,950    0.2%   0    214,950    0    214,950 
Ares Credit Investment Partnership I (V), L.P.   143,306    0.1%   0    143,306    0    143,306 
ASOF Investment Management LLC   5,916,588    5.6%   0    5,916,588    0    5,916,588 
ACOF Investment Management LLC   358,256    0.4%   0    358,256    0    358,256 
Ares CIP (V) Management LLC   143,306    0.1%   0    143,306    0    143,306 
Ares Management LLC   6,685,132    6.3%   0    6,685,132    0    6,685,132 
Ares Management Holdings L.P.   6,685,132    6.3%   0    6,685,132    0    6,685,132 
Ares Holdco LLC   6,685,132    6.3%   0    6,685,132    0    6,685,132 
Ares Management Corporation   6,685,132    6.3%   0    6,685,132    0    6,685,132 
Ares Voting LLC   6,685,132    6.3%   0    6,685,132    0    6,685,132 
Ares Management GP LLC   6,685,132    6.3%   0    6,685,132    0    6,685,132 
Ares Partners Holdco LLC   6,685,132    6.3%   0    6,685,132    0    6,685,132 

 

* Less than 0.1%

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 27 of 33

 

The amount of securities reported herein includes:

 

(i)1,261,658 Series I warrants (the “Series I Warrants”) and 1,261,658 Series II warrants (the “Series II Warrants”) held of record by Holdings 1;

 

(ii)60,806 Series I Warrants and 60,806 Series II Warrants held of record by Holdings 2;

 

(iii)67,723 Series I Warrants and 67,723 Series II Warrants held of record by Holdings 3.;

 

(iv)65,650 Series I Warrants and 65,650 Series II Warrants held of record by Holdings 4;

 

(v)65,023 Series I Warrants and 65,023 Series II Warrants held of record by Holdings 5;

 

(vi)68,904 Series I Warrants and 68,904 Series II Warrants held of record by Holdings 6;

 

(vii)69,082 Series I Warrants and 69,082 Series II Warrants held of record by Holdings 7;

 

(viii)302,232 Series I Warrants and 302,232 Series II Warrants held of record by (DE) Holdings 1;

 

(ix)11,114 Series I Warrants and 11,114 Series II Warrants held of record by (DE) Holdings 2;

 

(x)986,102 Series I Warrants and 986,102 Series II Warrants held of record by ASOF Holdings II;

 

(xi)179,128 Series I Warrants and 179,128 Series II Warrants held of record by Ares Private Opportunities;

 

(xii)107,475 Series I Warrants and 107,475 Series II Warrants held of record by Ares PA Opportunities Fund;

 

(xiii)71,653 Series I Warrants and 71,653 Series II Warrants held of record by Ares Credit Investment Partnership; and

 

(xiv)26,016 Series I Warrants and 26,016 Series II Warrants held of record by an account managed by Ares Management LLC.

 

Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the sole member of ASOF Investment Management, which is the manager of each of the ASOF Holders; (b) the sole member of ACOF Investment Management, which is the manager of Ares Private Opportunities; (c) the sole member of Ares CIP (V) Management, which is the manager of Ares Credit Investment Partnership; and (d) the manager of Ares PA Opportunities Fund. Accordingly, each of the foregoing entities may be deemed to share beneficial ownership of the securities reported herein, but each disclaims any such beneficial ownership of securities not held of record by them.

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 28 of 33

 

Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the “Board Members”). Mr. Ressler generally has veto authority over Board Members’ decisions. Each of these individuals disclaims beneficial ownership of the securities that may be deemed to be beneficially owned by Ares Partners.

 

ITEM 5.Ownership of Five Percent or Less of a Class.

 

Not applicable.

 

ITEM 6.Ownership of More than Five Percent on Behalf of Another Person.

 

Not applicable.

 

ITEM 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

 

Not applicable.

 

ITEM 8.Identification and Classification of Members of the Group.

 

Not applicable.

 

ITEM 9.Notice of Dissolution of Group.

 

Not applicable.

 

ITEM 10.Certification.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 29 of 33

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date:      February 10, 2023

 

  ASOF II FTAI Holdings 1 L.P. 
  By: ASOF Investment Management LLC, its manager
   
  By: /s/ Chris Kerezsi         
  Name:  Chris Kerezsi 
  Title:    Authorized Signatory
   
  ASOF II FTAI Holdings 2 L.P. 
  By: ASOF Investment Management LLC, its manager
   
  By: /s/ Chris Kerezsi 
  Name:  Chris Kerezsi 
  Title:    Authorized Signatory
   
  ASOF II FTAI Holdings 3 L.P. 
  By: ASOF Investment Management LLC, its manager
   
  By: /s/ Chris Kerezsi 
  Name:  Chris Kerezsi 
  Title:    Authorized Signatory
   
  ASOF II FTAI Holdings 4 L.P. 
  By: ASOF Investment Management LLC, its manager
   
  By: /s/ Chris Kerezsi 
  Name: Chris Kerezsi 
  Title:    Authorized Signatory
   
  ASOF II FTAI Holdings 5 L.P. 
  By: ASOF Investment Management LLC, its manager
   
  By: /s/ Chris Kerezsi 
  Name: Chris Kerezsi 
  Title:    Authorized Signatory

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 30 of 33

 

  ASOF II FTAI Holdings 6 L.P. 
  By: ASOF Investment Management LLC, its manager
   
  By: /s/ Chris Kerezsi 
  Name: Chris Kerezsi 
  Title: Authorized Signatory
   
  ASOF II FTAI Holdings 7 L.P. 
  By: ASOF Investment Management LLC, its manager
   
  By: /s/ Chris Kerezsi 
  Name: Chris Kerezsi 
  Title: Authorized Signatory
   
  ASOF II A (DE) FTAI Holdings 1 L.P. 
  By: ASOF Investment Management LLC, its manager
   
  By: /s/ Chris Kerezsi 
  Name: Chris Kerezsi 
  Title: Authorized Signatory
   
  ASOF II A (DE) FTAI Holdings 2 L.P. 
  By: ASOF Investment Management LLC, its manager
   
  By: /s/ Chris Kerezsi 
  Name: Chris Kerezsi 
  Title: Authorized Signatory
   
  ASOF Holdings II, L.P. 
  By: ASOF Investment Management LLC, its manager
   
  By: /s/ Chris Kerezsi 
  Name: Chris Kerezsi 
  Title: Authorized Signatory
   

 

 

CUSIP No. 35953C106 Schedule 13G Page 31 of 33

 

  Ares Private Opportunities 2020 (C), LP 
  By: ACOF Investment Management LLC, its manager
   
  By: /s/ Chris Kerezsi 
  Name: Chris Kerezsi 
  Title: Authorized Signatory
   
  Ares PA Opportunities Fund, L.P. 
  By: Ares Management LLC, its manager
   
  By: /s/ Anton Feingold 
  Name: Anton Feingold 
  Title: Authorized Signatory
   
  Ares Credit Investment Partnership I (V), L.P. 
  By: Ares CIP (V) Management LLC, its manager
   
  By: /s/ Joshua Bloomstein 
  Name: Joshua Bloomstein 
  Title: Authorized Signatory
   
  Ares CIP (V) Management LLC 
   
  By: /s/ Joshua Bloomstein 
  Name: Joshua Bloomstein 
  Title: Authorized Signatory
   
  ASOF Investment Management LLC
   
  By: /s/Chris Kerezsi 
  Name: Chris Kerezsi 
  Title: Authorized Signatory
   
  ACOF Investment Management LLC
   
  By: /s/ Chris Kerezsi 
  Name: Chris Kerezsi 
  Title: Authorized Signatory
   
  Ares Management LLC
   
  By: /s/ Anton Feingold 
  Name: Anton Feingold 
  Title: Authorized Signatory
   

 

 

CUSIP No. 35953C106 Schedule 13G Page 32 of 33

 

  Ares Management Holdings L.P. 
  By: Ares Holdco LLC, its general partner
   
  By: /s/ Anton Feingold 
  Name: Anton Feingold 
  Title: Authorized Signatory
   
  Ares Holdco LLC
   
  By: /s/ Anton Feingold 
  Name: Anton Feingold 
  Title: Authorized Signatory
   
  Ares Management Corporation
   
  By: /s/Anton Feingold 
  Name: Anton Feingold 
  Title: Authorized Signatory
   
  Ares Voting LLC 
  By: Ares Partners Holdco LLC, its sole member
   
  By: /s/ Anton Feingold 
  Name: Anton Feingold 
  Title: Authorized Signatory
   
  Ares Management GP LLC
   
  By: /s/ Anton Feingold 
  Name: Anton Feingold 
  Title: Authorized Signatory
   
  Ares Partners Holdco LLC
   
  By: /s/ Anton Feingold 
  Name: Anton Feingold 
  Title: Authorized Signatory

 

 

 

CUSIP No. 35953C106 Schedule 13G Page 33 of 33

 

LIST OF EXHIBITS

 

Exhibit No. Description
   
99 Joint Filing Agreement (previously filed)