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.
A California plan approved private equity and infrastructure commitments at yesterday’s board meeting.
A California plan has concluded its search for an alternative investments dedicated managed account platform provider.
The plan made commitments to infrastructure, private equity and venture capital at a meeting this week.
The commitments were made in closed session at a special board meeting this week.