Ares Management Corp. agreed to acquire a minority stake in private equity firm Volery Capital Partners for an undisclosed amount.

Ares is expected to provide capital to support Volery's operating and investment activities.

Volery invests in impact- and sustainability-focused asset managers, and also participates in direct, co-investment and other opportunistic transactions.

The firm is led by Managing Partners Emanuel Citron and Daniel Stein. Citron previously worked at Stone Point Capital LLC, while Stein is a former CEO of Dimensional Associates Inc.