---
title: Maine Public Employees’ Commits $130 Million to Alternatives
description: Maine Public Employees’ Commits $130 Million to Alternatives.
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---

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# Maine Public Employees’ Commits $130 Million to Alternatives

**Written by: ** Koncheng Moua, Director of Data Management and Strategy 

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The Maine Public Employees’ Retirement System has disclosed two alternative investments totaling up to $130 million, according to meeting minutes from the August 11 board meeting.

$30 million was committed to private credit fund, Sprott Private Resources Lending III. The direct lending fund, managed by Sprott Resource Lending focuses on the mining sector globally. As of August 2022, the Retirement System has an actual and target allocation to Alternative Credit of 7.1% and 10% respectively.

In addition, $100 million was committed to hedge fund, Hudson Bay Fund, managed by Hudson Bay Capital. As of August 2022, the Retirement System has an actual and target allocation to Risk Diversifiers of 4.9% and 7.5% respectively.

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 Tags: [Credit](https://dakotafunds.com/dakota-funds/tag/credit), [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds)

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