The board of trustees of the Maine Public Employees Retirement System, Augusta, voted to approve four commitments totaling up to $257 million, James Bennett, chief investment officer of the $16.6 billion pension fund, said in an email Friday.
The board approved the commitments Thursday, subject to final due diligence, legal review and negotiations, Mr. Bennett wrote.
The commitments are to:
- Meridiam Sustainable Infrastructure Europe IV for up to €85 million ($101.2 million). Meridiam is an existing relationship.
- Cube Infrastructure Fund III for up to €85 million to a European infrastructure fund managed by Cube Infrastructure Managers, an existing relationship.
- Technology Impact Fund II for up to $40 million, managed by Capricorn Investment Group. Capricorn is an existing relationship.
- Bain Capital Venture Co-Investment Fund III for up to $15 million, managed by Bain Capital Ventures. Bain Capital is an existing relationship.