Searches and Hires

Maine Public Employees earmarks $60 million for Summit Partners fund

Maine Public Employees Retirement System, Augusta, made a $60 million private equity commitment to Summit Partners Growth Equity Fund X, subject to final due diligence, legal review and negotiations.

The commitment was approved by the $14.4 billion pension fund's board of trustees at a Feb. 14 meeting, said Andrew H. Sawyer, chief investment officer, in an email.

The pension fund has made five previous commitments to Summit Partners' funds.