While divestment advocates have successfully pushed some public and private universities to drop fossil fuel investments, the movement hasn’t caught on at oil-reliant institutions.
Ares Management Corporation closed its fifth commingled European direct lending fund at a record-breaking €11 billion ($13 billion), as officials cite strong demand from pension funds, insurance companies, SWFs, endowments and family offices.
The fund is seeking a firm to provide record keeping/administration, communication/education, investment advisory, investment management and custodial trustee services.