MainePERS approves $125m commitment

The US public pension has backed Stonepeak Infrastructure Partners' fourth flagship fund.

Institution: Maine Public Employees Retirement System
Headquarters: Augusta, United States
AUM: $14.90bn
Allocation to alternatives: 45.50%
Bitesize: $50-100m

Maine Public Employees Retirement System has confirmed a $125 million commitment to Stonepeak Infrastructure Partners IV, a contact at the pension informed Infrastructure Investor. MainePERS is a repeat investor to the series, having previously committed $150 million apiece to Funds II and III.

The $14.9 billion US public pension has a 10.0 percent target allocation to infrastructure which currently stands at 11.80 percent.

As illustrated below, MainePERS has made five commitments to infrastructure funds with a 2019 vintage, which combined constitute $475 million.

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