MainePERS approves $145m in commitments

The US public pension backed two PE vehicles at its December board meeting.

Institution: Maine Public Employees Retirement System
Headquarters: Augusta, United States
AUM: $14.90bn
Allocation to alternatives: 44.50%
Bitesize: $50-100m

Maine Public Employees Retirement System has agreed to $145 million-worth of commitments, a contact at the pension informed Private Equity International. The commitments comprise of $45 million to Wynnchurch Capital Partners V and $100 million to AG Direct Lending Fund IV.

The $14.90 billion US public pension has a 15.0 percent target allocation to private equity that currently stands at 15.10 percent.

As illustrated below, MainePERS has made six commitments to private equity funds with a 2019 vintage, which combined constitute $330 million.

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