The $16.1 billion Maine Public Employees Retirement System (PERS) has disclosed $170 million of capital commitments two infrastructure funds.
Maine PERS committed €85 million ($103 million) each to Meridiam Infrastructure European IV and Cube Infrastructure Fund III, according to recent board documents.
Meridiam Infrastructure European IV, a closed-end fund managed by Meridiam Infrastructure Managers, opened to investors in March and is seeking to raise $1.5 billion in capital commitments. The fund will invest in energy, greenfield, social infrastructure and transportation in Bulgaria, the Czech Republic, France, Spain and the United Kingdom.
Cube Infrastructure Fund III opened to investors in January with an unknown fundraising target and will seek opportunities in Europe. The fund will invest in the energy transition, fiber and public transportation.