Maine PERS Commits $200M to Infrastructure Debt, Hedge Funds

The Maine Public Employees’ Retirement System made $200M in commitments across two funds, according to recently published materials related to its November 14 board meeting.

The pension committed $100M each to Brookfield Infrastructure Debt Fund IV and Garda FIRVO Fund, subject to final due diligence. Per Dakota data, it is Maine PERS’s second investment in Brookfield’s infrastructure private credit series, having committed the same amount to predecessor Fund III in 2022.

As of February 29, the retirement system’s current allocation to private credit stands at 7.8% against a 10% target, while fixed income is at 14% against a 15% target.

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