MainePERS back SLR Capital Partners

The US public pension has approved a commitment to SLR Capital Partner's second credit fund.

Institution: Maine Public Employees Retirement System
Headquarters: Augusta, US
AUM: $17.95 billion
Allocation to private equity: 8%

Maine Public Employees Retirement System approved a $125 million commitment to SLR Private Credit Fund II, a contact at the pension informed Private Debt Investor.

The fund, managed by SLR Capital Partners, will invest into North American companies across a variety of sectors and is seeking debt returns. The pension’s commitment to SLR Private Credit Fund II marks its first known partnership with SLR Capital Partners.

At the meeting, the pension received presentations from both Albourne and Cliffwater on their services as well as observed market trends. Both investment consultants submitted proposals in response to the pension’s recent request for proposal in August. Albourne and Cliffwater are current front-runners and the highest scoring investment consultants amongst MainePERS’ IC submissions. The committee has recommended retaining both consultants for its portfolio needs.

The US public pension’s recent fund commitments have predominantly targeted North American vehicles seeking senior debt returns.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.