Maine Public Employees Retirement System, Augusta, committed up to $60 million to H.I.G. Middle Market LBO Fund II, a middle-market buyout fund, confirmed Andrew Sawyer, chief investment officer.
It is the $12 billion pension fund's sixth commitment to a fund managed by H.I.G. Capital, the most recent of which was a commitment of up to €60 million ($81 million) to H.I.G. European Capital Partners II in June.
Separately, the pension fund committed up to $50 million to KKR Real Estate Partners Americas, a real estate fund managed by KKR & Co. that focuses on acquisitions in Europe and the U.S.
It is the pension fund's fourth commitment to a KKR fund, the most recent of which was a commitment of up to $30 million to KKR Special Situations Fund in November 2012.