Ares Private Markets Fund (APMF) appointed Barry Miller as CEO, effective Aug. 11. Miller is currently a partner in the Ares Secondary Solutions Group, where he focuses on private equity secondaries. Miller has 24 years of experience across private equity and secondary investing.
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 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,” Raj Dhanda, global head of wealth management in AWMS and APMF Trustee, said. “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,” Miller said. “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, 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, Miller was head of private equity at the New York City Retirement Systems, having served on the LP advisory boards of more than 40 private equity funds. In addition, he was a partner at Pomona Capital 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.