The Maine Public Employees’ Retirement System has approved two commitments totalling $75 million to real estate and private equity according to meeting notes from the December 14th board meeting.
In real estate, $35 million was allocated to Bain Capital Real Estate Fund III.
In private equity, $40 million was allocated to Wynnchurch Capital Partners VI.
As of September 30, 2023, the $18.7 billion Retirement Fund has an actual and target allocation to real estate of 10.4% and 10% respectively. In private equity, the actual and target allocation is 19.5% and 12.5% respectively.
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