MainePERS approve $100m commitment

The US public pension has backed an unlisted equity fund.

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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 approved a $100 commitment to KKR’s open-ended infrastructure fund, a contact at the pension informed Infrastructure Investor.

The fund, KKR Diversified Core Infrastructure Fund (open-ended), will invest into unlisted equity opportunites in North America.

The $18.2 billion US public pension has a 10 percent target allocation to infrastructure which currently stands at 10.4 percent.

As illustrated below, MainePERS’ recent fund commitments have predominantly targeted North American or European vehicles focused on a variety of sectors.

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