Publications

Investors - MARCH 14, 2016

Maine PERS commits $160m to real estate and infrastructure

by Zoë Wolff

The $12 billion Maine Public Employees’ Retirement System has committed a total of $160 million to two funds, according to Andrew Sawyer, CIO of the pension fund.

Maine PERS committed $110 million to Meridiam Infrastructure European III. The fund will have a similar focus to that of its predecessor, Meridiam Infrastructure European II, which held a final close of $1.23 billion in March 2012, according to a statement. The fund invested in infrastructure projects across Europe. The pension fund previously invested $75 million in Meridiam Infrastructure North America II in September 2012.

The pension fund also committed $50 million to KKR Real Estate Partners Americas II. The fund is seeking to raise $1.5 billion, according to IREI’s FundTracker database. Maine PERS previously committed $50 million to KKR Real Estate Partners Americas I, the fund’s predecessor, in 2013. The fund held a final close of $1.2 billion in December 2013.

Maine PERS has a 10 percent target allocation to real estate; its actual allocation to the asset class is 7.9 percent.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy