Maine Public Employees Retirement System's board approved three new commitments totaling up to $115 million, said Andrew Sawyer, chief investment officer, in an email.
The $13.9 billion Augusta-based pension fund approved a commitment of up to $45 million to Affinity Asia Pacific Fund V, a buyout fund managed by Affinity Equity Partners. The pension fund previously committed up to $30 million to Affinity Asia Pacific Fund IV in 2012.
Also, the pension fund approved a commitment of up to $40 million to Technology Impact Fund, a venture capital fund managed by Capricorn Investment Group and a commitment of up to $30 million to IPI Data Center Partners I, a private equity fund managed by IPI Data Center Partners Management. They are first-time commitments for the pension fund with Capricorn and IPI.
The commitments are subject to due diligence, legal review and negotiations.