Maine Public Employees earmarks up to $257 million to 4 funds
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The board of trustees of the Maine Public Employees Retirement System, Augusta, voted to approve four commitments totaling up to $257 million, James Bennett, chief investment officer of the $16.6 billion pension fund, said in an email Friday.
The board approved the commitments Thursday, subject to final due diligence, legal review and negotiations, Mr. Bennett wrote.
The commitments are to:
Meridiam Sustainable Infrastructure Europe IV for up to €85 million ($101.2 million). Meridiam is an existing relationship.
Cube Infrastructure Fund III for up to €85 million to a European infrastructure fund managed by
Cube Infrastructure Managers, an existing relationship.