Institution: Maine Public Employees Retirement System
Headquarters: Augusta, United States
Allocation to alternatives: 42.50%
Maine Public Employees Retirement System (MainePERS) has agreed to commit $30 million to Rubenstein Properties Fund IV, as confirmed in an email to PERE. MainePERS previously committed $30 million to the fund’s predecessor in 2015.
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 below, MainePERS has made six commitments to real estate funds with a 2018 and 2019 vintage, totalling $235 million.
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