Maine Public Employees Retirement System's board approved two new commitments totaling up to about $170 million, said Andrew Sawyer, chief investment officer, in an e-mail.
The $12.5 billion Augusta-based pension fund's commitments, approved at the board's meeting on Nov. 10, are up to €135 million ($146.5 million) to EQT Infrastructure III, a an infrastructure fund managed by EQT Partners, and up to $25 million to Taurus Mining Finance Fund Annex, a natural resources fund managed by Taurus Fund Management.
The EQT commitment is a first for the pension fund to a fund managed by EQT Partners, and the pension fund's previous commitment to Taurus was up to $50 million to Taurus Mining Finance Fund.
The commitments are subject to due diligence, legal review and negotiations.
