MainePERS agrees $50m commitment

The US public pension has backed Silver Point's second specialty credit fund.

Institution: Maine Public Employees Retirement System
Headquarters: Augusta, United States
AUM: $14.9bn
Allocation to alternatives: 44.50%
Bitesize: $50-100m

Maine Public Employees Retirement System has agreed to commit $50 million to Silver Point Specialty Credit Fund II, a contact at the pension informed Private Debt Investor.

The $14.90 billion US public pension has a 5.0 percent target allocation to private debt which currently stands at 3.30 percent.

As illustrated below, MainePERS has made three commitments to private debt funds with a 2019 vintage, which combined constitute $225 million.

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