Maine backs Tennenbaum direct lending fund for $100 mln

Maine Public Employees Retirement System, private equity, pension fund
A freshly caught lobster sits in a holding tank on the lobster boat "Wild Irish Rose" before being delivered to a wholesaler at the port in Portland, Maine August 21, 2013. Lobster populations in Maine are booming like never before. The number of lobster processing plants in the state has more than tripled, from 5 in 2010 to 16 last year. Picture taken August 21, 2013. To match Feature USA-LOBSTER/ REUTERS/Brian Snyder (UNITED STATES - Tags: MARITIME BUSINESS FOOD ANIMALS) - RTX12VOM
  • Tennenbaum had circled more than $1 bln for Fund VIII in February
  • Final close expected for later this year
  • MainePERS PE program delivers 19.8 pct one-year return
Maine Public Employees Retirement System at its meeting last week approved a commitment of up to $100 million to Tennenbaum Capital Partners’ eighth direct lending fund, according to a retirement system spokesperson. It’s unclear how much Tennenbaum plans to raise ...

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