Maine Public Employees Retirement System, Augusta, approved two new commitments totaling up to $105 million, said James Bennett, acting chief investment officer, in an email.
The $15.3 billion pension fund's board approved commitments of up to $75 million in aggregate to General Catalyst Group X-Early Venture, General Catalyst Group X-Endurance and General Catalyst Group X-Growth Venture, all venture capital funds managed by General Catalyst Partners; and up to $30 million to an Asia-focused core real estate fund managed by Invesco Real Estate.
As of Sept. 30, the actual allocations to private equity and real estate were 15.6% and 9.5%, respectively; their respective targets are 15% and 10%.
All commitments are subject to final due diligence, legal review and negotiations.
