Institution: Maine Public Employees Retirement System
Headquarters: Augusta, United States
Allocation to alternatives: 42.10%
Maine Public Employees Retirement System (MainePERS) has agreed to commit $25 million to KKR Real Estate Partners Europe II, a contact at the pension informed PERE. MainePERS previously committed $50 million to the fund’s predecessor in September 2015.
The $14.80 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 8.30 percent.
As illustrated below, MainePERS has committed to four real estate funds with a 2019 vintage, which combined constitute $141 million.
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