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MainePERS confirms $90m in commitments

The US public pension has backed two private equity vehicles.

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Institution: Maine Public Employees Retirement System
Headquarters: Augusta, US
AUM: $18.2 billion
Allocation to alternatives: 39.2%

Maine Public Employees Retirement System has confirmed $90 million-worth of commitments across two private equity funds, a contact at the pension confirmed to Private Equity International.

The commitments comprised $45 million each to Water Street Healthcare Partners V and Advent International GPE X.

MainePERS has a 15 percent target allocation to private equity that currently stands at 20.3 percent.

As illustrated below, the $18.8 billion US public pension’s previous private equity commitments have targeted US-focused buyout and corporate equity funds.

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