Maine Public Employees Retirement System, Augusta, has made two commitments to alternative investments for up to $50 million, James Bennett, the pension system's CIO confirmed.
Both commitments were approved at the $20 billion pension system’s board of trustees meeting Sept.12, and both are subject to final due diligence, legal review and negotiations, according to a board document.
The board voted to allocate up to $25 million to ShoreView Capital Partners V, a buyout fund managed by ShoreView.
The board also approved a private equity commitment of up to $25 million to Summit Partners Growth Equity Fund XII, managed by Summit Partners, which specializes in technology, healthcare, life sciences and growth products and services.
