Liberty Mutual to Partner With Net-Zero Focused PE Firm Ara

Liberty Mutual Group Inc.’s asset-management arm agreed to back Ara Partners’ infrastructure and energy strategies, in the latest partnership between an insurer and an alternative investment firm.

The collaboration includes an anchor commitment to Ara’s new energy fund as well as capital for existing and future investments, according to Charley Poole, head of energy and infrastructure at Liberty Mutual Investments, which invests $117 billion worldwide on behalf of the insurer.