Liberty Mutual Holding Co - Apr 1, 2022 Form 3 Insider Report for Ares Private Markets Fund (AMSIX)

Role: 10%+ Owner
Signature: LIBERTY MUTUAL HOLDING COMPANY INC.: By: /s/ Vlad Barbalat, Executive Vice President & Chief Investment Officer
Stock symbol: AMSIX
Transactions as of: Apr 1, 2022
Transactions value $: $0
Form type: 3
Date filed: 4/11/2022, 05:17 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AMSIX	Class I Shares						895K	Apr 1, 2022	By Trust	F1
holding	AMSIX	Class I Shares						3.48M	Apr 1, 2022	By LLC	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The securities are owned directly by Liberty Mutual Retirement Plan Master Trust ("LMRPMT") and may be deemed to be beneficially owned by Liberty Mutual Holding Company Inc. ("LMHC") because LMHC indirectly controls the investment and voting decisions of the Common Shares directly held by LMRPMT as a result of a sub-advisory arrangement between Liberty Mutual Group Asset Management Inc. and the Liberty Mutual Retirement Committee, the named fiduciary of LMRPMT. Each of the reporting persons (other than LMRPMT), and each of their affiliated entities and the officers, partners, members and managers thereof, disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities.
F2	The securities are owned directly by Liberty Mutual Investment Holdings LLC ("LMIH") and may be deemed to be beneficially owned by LMHC because LMHC indirectly controls all of the outstanding interests in LMIH. Each of the reporting persons (other than LMIH), and each of their affiliated entities and the officers, partners, members and managers thereof, disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities.

Content

The securities are owned directly by Liberty Mutual Retirement Plan Master Trust ("LMRPMT") and may be deemed to be beneficially owned by Liberty Mutual Holding Company Inc. ("LMHC") because LMHC indirectly controls the investment and voting decisions of the Common Shares directly held by LMRPMT as a result of a sub-advisory arrangement between Liberty Mutual Group Asset Management Inc. and the Liberty Mutual Retirement Committee, the named fiduciary of LMRPMT. Each of the reporting persons (other than LMRPMT), and each of their affiliated entities and the officers, partners, members and managers thereof, disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities.

The securities are owned directly by Liberty Mutual Investment Holdings LLC ("LMIH") and may be deemed to be beneficially owned by LMHC because LMHC indirectly controls all of the outstanding interests in LMIH. Each of the reporting persons (other than LMIH), and each of their affiliated entities and the officers, partners, members and managers thereof, disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities.