MainePERS approves $50m commitment

The US public pension has backed Silver Point's second specialty credit fund.

Institution: Maine Public Employees Retirement System
Headquarters: Augusta, United States
AUM: $14.9bn
Allocation to alternatives: 44.50%
Bitesize: $50-100m

Maine Public Employees Retirement System has agreed to commit $50 million to Silver Point Specialty Credit Fund II, a contact at the pension informed Private Equity International.

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

As illustrated below, MainePERS has made four commitments to private equity funds with a 2019 vintage, which combined constitute $185 million.

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