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.
A Southern state plan will conduct a manager search as part of a newly approved global equity structure.
A university in New England made venture capital and private infrastructure commitments as part of its initiative to commit to positive impact funds related to climate change over the next five years.
The plan terminated an international large-cap equity manager as part of several changes to its overseas equity portfolio approved last month.
He will join the firm’s strategic opportunities platform in March.
The plan made three commitments in closed session at this week’s board meeting.