Maine Public Employees Retirement System, Augusta, made two private equity commitments totaling up to $88 million, said Andrew Sawyer, chief investment officer, in an e-mail.
The $12.6 billion pension fund committed up to £36 million ($58 million) total to Inflexion Buyout Fund IV and Inflexion Partnership Capital Fund I, both U.K. middle-market private equity funds managed by Inflexion Private Equity. They are first-time commitments for the pension fund to Inflexion Private Equity.
The pension fund also committed up to $30 million to Advent Latin American Fund VI, a buyout fund managed by Advent International. The pension fund previously committed $30 million to Advent Global Private Equity VII in June 2012.
