Maine Public Employees commits $60 million to H.I.G. Capital
By Rob Kozlowski | February 15, 2013 3:31 pm
Maine Public Employees Retirement System, Augusta, committed up to $60 million to H.I.G. Capital Partners V, a buyout fund, confirmed Andrew Sawyer, chief investment officer.
It is the $11.3 billion pension fund's fourth commitment to H.I.G. Capital.
Private equity consultant Cliffwater assisted.
Separately, the pension fund also announced a private equity and infrastructure co-investment program worth $200 million to be managed internally on a discretionary basis. The pension fund will make investments only with general partners with which it has an existing relationship.