The plan will receive presentations from two private infrastructure managers at a meeting next month.
The plan disclosed new commitments to private equity, credit and an infrastructure fund at today’s meeting.
The plan hired a firm that will help build a direct hedge fund portfolio.
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.