The trio will focus on sourcing renewable energy and energy transition investments in North America.
The search is being reopened due to a prior delay.
A university in the Midwest approved a new investment policy to reach a net-zero carbon footprint as well as three commitments totaling $140 million to renewable and sustainable investments at its March board meeting.
A Great Lakes retirement system and health care fund added 2% targets to infrastructure this month.
The plan made a hire in its search to replace a previously terminated international small-cap equity manager.
The business combination is expected to drive investing advantages across Ares’ platform, the firm said.
The commitments satisfy the plan’s 2021 pacing schedule.
The plan disclosed several private markets commitments in February.
Plan retained both private credit and hedge fund consultants following a search conducted last year.
The plan hired two complementary managers for its infrastructure portfolio.