Institution: Maine Public Employees Retirement System
Headquarters: Augusta, US
AUM: $18.8 billion
Allocation to alternatives: 40.8%
Maine Public Employees Retirement System approved a $30 million commitment to Sprott Private Resource Lending III, a contact at the pension informed Private Equity International. The commitment is subject to final due diligence by the pension fund.
The fund, managed by Three Valley Copper, will invest in North American companies and seek subordinated/mezzanine debt returns.
The US public pension’s recent fund commitments have predominantly targeted North American vehicles focused on a variety of sectors.
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