MainePERS confirms $55m in commitments

The US public pension has backed a pair of private equity funds in its latest round of commitments.

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 commitments comprised $40 million to Capricorn Investment Group‘s Technology Impact Fund II and $15 million to Bain Capital Venture Coinvestment Fund III.

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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