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MainePERS approves €50m commitment

The US public pension has backed EQT's second European value-add real estate fund.

Institution: Maine Public Employees Retirement System
Headquarters: Augusta, United States
AUM: $14.50bn
Allocation to alternatives: 42.50%
Bitesize: $10-50m

Maine Public Employees Retirement System (MainePERS) has agreed to commit €50 million to EQT Real Estate II, a contact at the pension informed PERE.

The $14.50 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 8.20 percent.

As illustrated in the charts below, MainePERS has made seven commitments to real estate funds with a 2018 or 2019 vintage totalling $291 million.

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