Maine Public Employees Commits Up To $220 Million

Recently released minutes from the June 9, 2022, Board Meeting show three new investments from Maine Public Employees’ Retirement System totaling up to $220 million.

The $18.6 billion pension approved a $45 million commitment to Thoma Bravo Discover Fund IV, a middle market buyout fund,

$100 million to Brookfield Infrastructure Debt Fund III, and $75 million to direct lending fund, Pathlight Capital Fund III.

As of March 31, 2022, the actual and target allocations to private equity were 20.3% and 15% respectively. The actual and target allocations to alternative credit were 6.4% and 7.5% respectively.

The Retirement System uses Cambridge for investment consulting services.

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!