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Sign in Sign up for a FREE subscriptionMainePERS to put $90m in two open-ended Stockbridge, Invesco funds
Maine Public Employees Retirement System (MainePERS) has allotted $90 million of capital to two open-ended real estate funds.
IREI understands the pension fund put $45 million each in Stockbridge Smart Markets Fund, managed by Stockbridge Capital Group, and Invesco U.S. Income Fund, managed by Invesco Real Estate.
Stockbridge Smart Markets Fund is an open-ended, commingled investment fund investing in real estate assets in the United State. Invesco U.S. Income Fund is an open-ended fund investing in U.S. office, industrial, multifamily and retail properties.
As of Dec. 31, 2021, MainePERS had an 8.7-percent allocation to real estate, against a target of 10 percent. The pension fund could not be reached for comment at the time of publication.
For more information about this commitment or other funds, please visit our IREI.Q database.
