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MainePERS commits $50m to infrastructure fund

by Jody Barhanovich

The $13.3 billion Maine Public Employees Retirement System has committed up to $50 million to Meridiam Infrastructure North America Fund III, according to Andrew Sawyer, CIO of Maine PERS. The commitment is subject to final due diligence, legal review and negotiations.

Meridiam Infrastructure North America Fund III is a global infrastructure fund managed by Meridiam Infrastructure Managers. Through its five main funds, Meridiam develops, finances, builds and manages various types of projects:

  • Transport infrastructure: high-speed rail lines, roads and highways, tunnels and airports
  • Social infrastructure: schools, universities, healthcare centers, hospitals, public research facilities
  • Public buildings: courthouses, government offices, ministries
  • Utility networks and services: water, waste management

Meridiam is a global investor and asset manager specializing in public and community infrastructure with a long-term view. The firm currently has €5 billion ($5.6 billion) in assets under management.

As of March 31, 2017, MainePERS has a target allocation to infrastructure of 10 percent and an actual allocation of 8 percent.

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