Maine Public Employees commits $60 million to H.I.G. Capital

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.

— Contact Rob Kozlowski at rkozlowski@pionline.com | @Kozlowski_PI