Institution: Maine Public Employees Retirement System
Headquarters: Augusta, United States
Allocation to alternatives: 44.50%
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.
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