NEW YORK–(BUSINESS WIRE)–Ares Private Markets Fund announced today that it has appointed Barry Miller as Chief Executive Officer, effective August 11, 2022. Mr. Miller is currently a Partner in the Ares Secondary Solutions Group, where he focuses on private equity secondaries. Mr. Miller has 24 years of experience across private equity and secondary investing.
As previously announced, APMF is a registered, continuously offered, non-traded, closed-end fund. Leveraging the strength of the global Ares platform, which had approximately $334 billion of assets under management as of June 30, 2022, and the 30-year history of Ares’ Secondary Solutions Group, the Fund intends to invest in a diversified portfolio of private equity fund stakes backed by leading private equity sponsors in both the U.S. and Europe. The Fund is distributed through Ares Wealth Management Solutions (“AWMS”) and is currently available through registered investment advisors and will be available through financial advisors across the U.S.
“We are pleased that Barry will be taking on the role as CEO of the Fund as we continue to broaden individual investors’ access to Ares’ alternative investment solutions,” said Raj Dhanda, Global Head of Wealth Management in AWMS and APMF Trustee. “Given Barry’s accomplished record in leading private equity and secondaries investment strategies, we are confident that he is well suited to execute against the Fund’s objectives.”
“I am honored by this appointment and very excited to support the Fund’s strategy in offering individual investors the ability to invest in institutional-quality private equity assets principally through the secondary market,” said Mr. Miller. “I look forward to leveraging the experience and collaborative strength of the Ares platform as we seek to invest in opportunities that have track records of generating risk-adjusted returns for investors.”
Prior to joining Ares in 2021, Mr. Miller most recently spent eight years as a Partner in the Landmark Partners Private Equity Group, focusing on transaction origination, underwriting and negotiation of secondary private equity investments. Previously, Mr. Miller was Head of Private Equity at the New York City Retirement Systems (“NYCRS”), having served on the LP Advisory Boards of more than 40 private equity funds. In addition, he was a Partner at Pomona Capital (“Pomona”) where he focused on sourcing and executing secondary transactions and was a member of the Pomona Capital Investment Committee. Prior to joining Pomona, he was a Senior Investment Manager at AXA Private Equity.
About Ares Private Markets Fund
Ares Private Markets Fund (“APMF” or the “Fund”), is a registered, continuously offered, non-traded, closed-end fund. Leveraging the breadth and depth of the Ares Secondary Solutions Group, which had approximately $23.9 billion in assets under management as of June 30, 2022, the Fund intends to invest in a diversified portfolio of private equity fund stakes backed by leading private equity sponsors in both the U.S. and Europe. The Fund is distributed through Ares Wealth Management Solutions and is currently available through registered investment advisors and will be available through financial advisors across the U.S.
About Ares Wealth Management Solutions
Ares Wealth Management Solutions (“AWMS”) oversees the product development, distribution, marketing and client management activities of investment offerings for the global wealth management channel. With a team of approximately 110 professionals and backed by the power and scale of the Ares platform, AWMS represents one of the most resourced wealth distribution and client service teams in the alternatives industry. AWMS’ mission is to provide advisors and their clients access to innovative, solutions-oriented investment opportunities, across the Ares platform of industry leading credit, private equity, real estate and secondaries strategies. Through our range of institutional and retail structures, coupled with excellent client service and educational resources, we help investors diversify their portfolios with private market solutions that seek to deliver consistent, long-term growth. Visit www.areswms.com.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2022, Ares Management Corporation’s global platform had approximately $334 billion of assets under management, with over 2,300 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.
