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Ares Management is raising its first infrastructure-secondaries investment vehicle since entering the market by way of an acquisition in 2021, setting a $2 billion fundraising goal for the private-equity pool.
With Ares Secondaries Infrastructure Solutions Fund III, the listed asset manager known for credit investing aims to buy stakes in private funds holding utility, transportation, communications and renewable energy assets, among others, according to public documents prepared for the Boston Retirement System, an $8.5 billion…
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