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.