Searches and Hires

MainePERS earmarks $385 million to 5 alternatives funds

Maine Public Employees Retirement System, Augusta, committed up to about $385 million total to five alternative funds, said Andrew Sawyer, chief investment officer, in an email.

At its Oct. 11 meeting, the board of the $14.5 billion system agreed to commit up to $150 million to Global Infrastructure Partners IV and up to $100 million to GIP Spectrum.

The system also committed up to $50 million to Homestead Capital USA Farmland Fund III; and up to $45 million to Thoma Bravo Fund XIII, a buyout fund.

And finally, MainePERS committed up to $40 million to Technology Impact Growth Fund, managed by Capricorn Investment Group.

The commitments are subject to final due diligence, legal review and negotiations.

MainePERS had an allocation of 12.8% to private equity as of March 31.