MainePERS invests in private markets, mulls alts consultant search

The $18.7 billion Maine Public Employees Retirement System (MainePERS) at its April board meeting approved $190 million in private markets commitments to three new funds, CIO James Bennet confirmed.

Separately, he noted that his staff is now reviewing alternative asset class consultants, for which he expects to make a recommendation by July on whether to conduct a search.  

At the most recent trustee meeting, the board approved a commitment of up to $45 million to Advent International GPE X, and a commitment of up to $45 million to Water Street Healthcare Partners V . . .

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Mark Fortune

Mark Fortune has more than 30 years of experience as a financial writer and editor, with a focus on institutional investment management. He has worked in various editorial roles at organizations that include Institutional Investor, Pageant Media, Markets Group and, most recently, at New York investment management firm Cohen & Steers.
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