Institution: Maine Public Employees Retirement System
Headquarters: Augusta, US
AUM: $15.1 billion
Allocation to alternatives: 50.9%
Ares Management’s fifth vehicle in its direct lending series is targeting €9 billion, which will be the largest fundraise in Ares’ history if successful. The vehicle’s immediate predecessor closed at €6.5 billion in July 2018.
The $15.1 billion US public pension has a 5 percent target allocation to private debt that currently stands at 4.7 percent.
As illustrated below, MainePERS’ private debt fund commitments tend to focus on senior debt funds with a North American or European focus.
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