Maine Public Employees Retirement System

About Maine Public Employees Retirement System

Maine Public Employees Retirement System is a public pension fund with an investment portfolio valued at $19.8 billion as of June 30, 2024. Its holdings span other alternative asset classes, cash, restructuring, timber, metal and mining, hedge funds, oil and gas, agriculture, natural resources, real assets, infrastructure, private equity, real estate, fixed income, and equities. Over the quarter, one year, three years, five years and ten years it returned 1.2%, 8.0%, 5.3%, 8.5%, and 7.5%, while the benchmark returned 2.0%, 12.6%, 6.3%, 8.9%, and 7.5%, respectively. At June 30, 2024, private equity was valued at $3.64 billion, or 18.4% of the total portfolio, up from $3.62 billion at September 30, 2023. The private equity portfolio is currently overweight against the 12.5% target allocation. Its private equity investments include venture capital fund strategies, diversified private equity, private debt, direct lending, co-investment, mezzanine, distressed debt, private equity growth expansion, and buyouts, diversified geographically around the globe except Africa. Also at June 30, 2024, infrastructure stood at $2.37 billion and natural resources at $990 million. Dr. James Bennett serves as Chief Investment Officer, and the fund's investments are governed by its executive management team. Cambridge Associates serves as LP Consultant.

Real estate mandate

Contacts at Maine Public Employees Retirement System