Maine Public Employees’ Retirement System, Augusta, made three new commitments totaling up to $260 million, said Andrew Sawyer, chief investment officer.
The $12.6 billion pension fund committed up to $150 million to ArcLight Energy Partners Fund VI, an energy infrastructure fund that targets North American midstream and power assets, managed by ArcLight Capital Partners. The pension fund previously committed $75 million to ArcLight Energy Partners Fund V in October 2011.
Also, the pension fund committed up to $60 million to Paine & Partners Capital Fund IV, a buyout fund, and up to $50 million to Taurus Mining Finance Fund, a natural resources fund managed by Taurus Fund Management. It is the first time the pension fund has committed to both managers.