Maine Public Employees Retirement System, Augusta, approved a commitment of up to $45 million to TCV XI.
The $15.3 billion pension fund's board approved the commitment to the private equity fund that focuses on technology firms managed by Technology Crossover Ventures at its meeting Thursday, said James Bennett, chief investment officer, in an email.
MainePERS previously committed up to $45 million to TCV X in 2018.
As of June 30, the actual allocation to private equity was 15.8%; the target is 15%.
