At its June meeting, the board of the approximately $18.6 billion Maine Public Employees Retirement System (MainePERS) approved new commitments of up to $220 million to private markets. The commitments follow up to $205 million in allocations to private markets that were approved by the board at its meeting in May, CIO James Bennet confirmed.
At their meeting last week, MainePERS’ trustees approved a commitment of up to $100 million to Brookfield Infrastructure Debt Fund III; a commitment of up to $75 million to Pathlight Capital Fund III; and a commitment of up to $45 million . . .
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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.