The Maine Public Employees Retirement System (MainePERS) has committed $280 million to the Meridiam Infrastructure North America Core Infrastructure Fund, a closed-end vehicle targeting sustainable, long-term core infrastructure assets in North America.
A fundraising goal has not been determined. Combined into this fund are multiple Meridiam Infrastructure assets to provide value creation with a strong expected total cash flow profile.
This investment is a follow-on commitment, as the MainePERS recently committed $300 million to the fund, with a total of $364 million invested with Meridiam Infrastructure since 2012.
As of June 30, MainePERS had $22.8 billion in total assets under management.
