MainePERS confirms $168m in commitments

The US public pension has backed a trio of private equity funds.

Institution: Maine Public Employees Retirement System
Headquarters: Augusta, US
AUM: $16.7 billion
Allocation to alternatives: 46.1%

Maine Public Employees Retirement System has confirmed $168 million-worth of commitments across three private equity funds, a contact at the pension confirmed to Private Equity International.

The commitments comprised €40 million to Charterhouse Capital Partners XI, $45 million to Hellman & Friedman Capital Partners X and $75 million to Pathlight Capital Fund II.

MainePERS has a 15 percent target allocation to private equity that currently stands at 17.6 percent.

As illustrated below, the $16.7 billion US public pension’s previous private equity commitments have targeted a variety of vehicles, from US-focused co-investment vehicles to global buyout funds.

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