The $14.2 billion Maine Public Employees Retirement System has committed up to $100 million to EQT Infrastructure IV, according to Andrew Sawyer, CFA, CAIA, CIO for the retirement system. The commitment is subject to final due diligence, legal review and negotiations.
EQT Infrastructure IV, managed by EQT Partners, is a value-added infrastructure fund that invests in energy, telecommunications, transportation and greenfield assets.
The predecessor fund, EQT Infrastructure III, held a €4 billion ($4.56 billion) final close in 2017.
Maine PERS has a target allocation to infrastructure of 10 percent with an actual allocation of 10.5 percent.
