MainePERS approves $100m commitment

The US public pension has backed a multi-regional infrastructure fund.

Institution: Maine Public Employees Retirement System
Headquarters: Augusta, United States
AUM: $14.20bn
Allocation to alternatives: 38.50%

Maine Public Employees Retirement System (MainePERS) has agreed to commit $100 million to EQT Infrastructure Fund IV according to its December Board meeting minutes. This is the second fund in the series MainePERS has invested in after committing $33 million to EQT’s third infrastructure fund which closed in 2017.

The $14.2 billion US public pension has a 10.0 percent target allocation to infrastructure which currently stands at 10.5 percent.

As illustrated in the charts below, MainePERS made four commitments to infrastructure funds across 2017 and 2018 totalling $450 million. Each of these funds focused on unlisted equity investments, with fund managers other than EQT including Stonepeak Infrastructure Partners, Meridiam Infrastructure and Global Infrastructure Partners.

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