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