The $18.6 billion Maine Public Employees Retirement System (MainePERS) has greenlighted a $100 million commitment to the Stonepeak Core Fund, an infrastructure fund managed by Stonepeak Infrastructure Partners.
The commitment builds on an existing relationship with Stonepeak, which saw MainePERS invest in the second, third and fourth fund in the Stonepeak Infrastructure Partners fund series, as well as the Stonepeak Claremont Co-Invest and Stonepeak Spear (Co-Invest) Holdings vehicles.
As of March 31, MainePERS had an 11-percent actual allocation to infrastructure, against a 10 percent target.
