Institution:Â Maine Public Employees Retirement System
Headquarters:Â Augusta, United States
AUM:Â $14.90bn
Allocation to alternatives:Â 44.50%
Bitesize:Â $50-100m
Maine Public Employees Retirement System has agreed to commit $50 million to AG Net Lease Fund IV, a contact at the pension informed PERE. Angelo Gordon’s fourth series value-add fund is targeting property investments across North America and Western Europe.
The $14.90 billion has a 10.0 percent target allocation to real estate that currently stands at 9.40 percent.
As illustrated below, MainePERS has made five commitments to real estate funds with a 2019 vintage, which combined constitute $191 million.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.