Investors - NOVEMBER 17, 2016

Maine PERS commits €135m to infrastructure fund

by Jody Barhanovich

The $12 billion Maine Public Employees Retirement Systemhas committed €135 million($143.6 million) to EQT Infrastructure III, an infrastructure fund managed by EQT Partners, according to CIO Andrew Sawyer in an email.

The commitment is Maine PERS’ first to a fund managed by EQT Partners. The closed-end fund invests in European infrastructure properties.The commitment is subject to final due diligence, legal review and negotiations.

In February, the pension fund committed $300 million to two infrastructure funds — Global Infrastructure Partners III, managed by Global Infrastructure Partners, and Brookfield Infrastructure Fund III, managed Brookfield Asset Management.

The pension fund has a target allocation to infrastructure 10 percent and an actual allocation to the asset class of 7.0 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