Maine Public Employees allocates up to $167 million to 3 funds
Maine Public Employees allocates up to $167 million to 3 funds
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The board trustees of the Maine Public Employees Retirement System, Augusta, approved three commitments of up to $167 million, said James Bennett, the CIO of the $16.7 billion pension system.
The board voted Thursday and the commitments are subject to final due diligence, legal review and negotiations, Mr. Bennett confirmed in an email.
The commitments are to:
Pathlight Capital Fund II for up to $75 million. Pathlight is a new relationship.
Charterhouse Capital Partners XI for up to €40 million ($47 million). Charterhouse is an existing relationship.
Maine Public Employees allocates up to $168 million to 3 funds
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Maine Public Employees earmarks up to $257 million to 4 funds
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The board of trustees of the Maine Public Employees Retirement System, Augusta, voted to approve four commitments totaling up to $257 million, James Bennett, chief investment officer of the $16.6 billion pension fund, said in an email Friday.
The board approved the commitments Thursday, subject to final due diligence, legal review and negotiations, Mr. Bennett wrote.
The commitments are to:
Meridiam Sustainable Infrastructure Europe IV for up to €85 million ($101.2 million). Meridiam is an existing relationship.
Cube Infrastructure Fund III for up to €85 million to a European infrastructure fund managed by
Cube Infrastructure Managers, an existing relationship.