The board of the $10.2 billion Maine Public Employees Retirement System (PERS) has hired Cliffwater as Maine’s infrastructure consultant, replacing Hewitt EnnisKnupp. Cliffwater also serves as Maine’s private equity consultant.
The Maine PERS board originally approved a 5 percent target allocation to infrastructure in June 2008. Maine PERS currently allocates 1.8 percent of its portfolio to infrastructure.