Ares Management completed acquisition of PrivateMarketsCo from AMP Capital for $308m.

Ares Management, an American global alternative investment manager, completed the acquisition PrivateMarketsCo, an infrastructure debt platform, from AMP Capital, a private equity firm, for $308m. "This highly complementary transaction accelerates the expansion of our leading credit and infrastructure platforms and bolsters Ares’ investing capabilities, global market coverage and execution in the growing infrastructure sector. We look forward to working with our new team members as we continue to seek attractive returns for our investors and strengthen Ares’ leadership position," Michael Arougheti, Ares CEO and President.