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Maine Public Employees slates $100 million for Owl Rock credit fund

Maine Public Employees Retirement System’s board approved a commitment of up to $100 million to Owl Rock Capital Corp., managed by Owl Rock Capital Partners, said Andrew H. Sawyer, chief investment officer, in an email.

The $12.4 billion Augusta-based pension fund approved the commitment at its board meeting Tuesday.

Owl Rock Capital Partners is a middle-market credit firm formed about a year ago by Marc Lipschultz and Douglas I. Ostrover.

The commitment is subject to due diligence, legal review and negotiations.