MainePERS commits $100m

The US public pension has backed a North America and Western Europe-focused private equity fund.

Institution: Maine Public Employees Retirement System
Headquarters: Augusta, United States
AUM: $14.20bn
Allocation to alternatives: 38.50%

Maine Public Employees Retirement System (MainePERS) has agreed to commit $100 million to EQT Infrastructure Fund IV according to its December board meeting minutes. EQT’s previous funds in this series have focused on making equity investments in mid-sized infrastructure companies.

The $14.2 billion US public pension has a 15.0 percent target allocation to private equity which currently stands at 13.7 percent.

As illustrated in the charts below, MainePERS made eight commitments to private equity funds in 2018 which combined constitute $395 million. Strategies for these funds differ amongst buyout, venture capital and growth equity.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.