Maine PERS commits $180m to two funds
The $11.9 billion Maine Public Employees Retirement System has committed $180 million to two funds, according to Andrew Sawyer, CIO.
The pension fund has committed $150 million to Stonepeak Infrastructure Fund II, managed by Stonepeak Infrastructure Partners. The fund will focus on midmarket power, midstream, transportation and communications investments in the United States and Canada. The New Mexico Educational Retirement Board also committed to this fund earlier in the year.
Maine PERS also committed $30 million to Rubenstein Properties Fund III, a value-added real estate fund. The fund, managed by Rubenstein Partners, launched in May 2015.