MainePERS Plans to Double Down on Private Equity

Pension: Maine Public Employees Retirement System

Assets Managed: $11 Billion

PE Assets Managed: $120 Million

PE Allocation (Target): 1.1% (10%)

Chief Investment Officer: Andrew Sawyer

The $11 billion Maine Public Employees Retirement System, which only started investing in private equity in 2008, plans to double its allocation to PE and also boost other alternatives like infrastructure and commodities, according to Andrew Sawyer, the pension’s chief investment officer. 

“We plan on moving to this allocation with all deliberate speed, but no faster,” said Sawyer in an email. He added that MainePERS planned build up the increased exposures to private equity, infrastructure and real estate over three to five ...

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