Institution: Maine Public Employees Retirement System
Headquarters: Augusta, US
AUM: $16.6 billion
Allocation to alternatives: 46.1%
Maine Public Employees Retirement System approved $55 million of commitments to a pair of private equity funds at its March board meeting, a contact at the pension informed Private Equity International.
The $16.6 billion US public pension has a 15 percent target allocation to private equity that currently stands at 17.6 percent.
As illustrated below, MainePERS’ recent fund commitments have focused on North American funds, predominantly targeting investments in the TMT sector.
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