People make their way along a breakwater leading to Spring Point Ledge Lighthouse, completed in 1897, as the sun sets on New Year's Day, in South Portland, Maine, on Jan. 1, 2016. Photo courtesy Reuters/Kevin Lamarque
Infrastructure, mining, agriculture 75 pct of recent commitments
$12.3 bln system commits more than $520 mln to private markets
Maine PE portfolio netting 9.7 pct IRR since inception
Maine Public Employees Retirement System allocated the vast majority of its commitments to private market funds to strategies outside the traditional realm of leveraged buyouts, according to documents obtained via public-records request. Maine committed $521.9 million to private market funds ...