Searches and Hires

Maine Public Employees commits $157 million to infrastructure, real estate

Maine Public Employees Retirement System's board approved two new commitments totaling up to $157 million, CIO Andrew Sawyer said in an email.

The $14.5 billion Augusta-based pension fund's board approved commitments of up to $100 million to Carlyle Global Infrastructure Opportunity Fund, managed by Carlyle Group, and up to €50 million ($57 million) to EQT Real Estate II, an opportunistic real estate fund managed by EQT Partners.

MainePERS has made commitments to multiple Carlyle and EQT funds, most recently committing up to $45 million to buyout fund Carlyle Asia Partners V in 2017 and up to $100 million to EQT Infrastructure IV in December.

As of Dec. 31, the actual allocations to infrastructure and real estate were 11.7% and 8.2%, respectively.

Each commitment is subject to final due diligence, legal review and negotiations.