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MainePERS commits $100m to two funds

by Zoë Wolff

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

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