The $12.6 billion Maine Public Employees Retirement System has committed $100 million to real estate and energy investments, according to James Bennett, deputy chief investment officer.
The pension fund committed up to $50 million to Walton Street Real Estate Fund VIII, managed by Walton Street Capital. MainePERS previously committed to the fund’s predecessor.
The pension fund also committed up to $50 million to Carlyle Power Partners II. The fund, managed by The Carlyle Group, invests in power generation and other assets, primarily in North America. MainePERS previously committed $60 million to Carlyle Asia Partners IV in 2014.
As of Dec. 31, 2014, the pension fund had a 10 percent target allocation to real estate, which was underweight at 7.9 percent of the total portfolio