Maine PERS Commits $25M to Private Equity

The Maine Public Employees’ Retirement System has approved the commitment of $25 million to the General Catalyst Group Fund XII. according to meeting minutes from the November 9th board meeting.

General Catalyst focuses on early stage and growth equity investments in the consumer, enterprise, fintech, and health assurance industries.

As of September 30, 2023, the $18.7 billion Pension Fund has an actual and target allocation to private equity of 19.5% and 12.5% respectively.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.

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