Institution: Maine Public Employees Retirement System
Headquarters: Augusta, US
AUM: $18.8 billion
Allocation to alternatives: 39.2%
Maine Public Employees Retirement System confirmed a $125 million commitment to Comvest Credit Partners VI, a contact at the pension informed Private Debt Investor.
Comvest Partner‘s latest fund launched in March of this year and is targeting $1.7 billion. The fund will focus on corporate opportunities in North America with senior debt returns. Its predecessor, Fund V, closed on $1.3 billion in April 2021.
MainePERS has a 5.1 percent allocation to alternative credits and a 7.9 percent allocation to traditional credit.
As illustrated below, MainePERS’ recent private debt commitments have tended to focus on North American corporate vehicles.
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