The plan approved a pair of private equity commitments with existing managers and 2022 pacing plans yesterday.
The fund invests globally in infrastructure equity through a combination of primary fund investments, secondaries and co-investments.
He will serve as head of public-private partnerships in the firm’s infrastructure business.
The plan made private equity and infrastructure commitments this month and will consider a 2022 private markets pacing plan this week.
The transaction is expected to close in the second half of 2022.
The fund closed with $1.95 billion raised.
The plan will issue RFPs this quarter after canceling previous search due to COVID.
Plan hired the private markets team at its general investment consultant to consult on its private equity and opportunistic real estate portfolios.
The team will join a new segment of Ares dedicated to real assets.
Plan is searching for investment management firms, or a pool of firms, to create and manage one or more portfolios.