MainePERS commits $300 million to infra fund
According to sources, Maine Public Employees Retirement System (MainePERS) has made two commitments totaling up to US$300 million to infrastructure funds.
MainePERS has committed US$150 million to Brookfield Infrastructure Fund III, managed by Brookfield Asset Management, and other US$150 million to Global Infrastructure Partners III.
Additionally the fund has committed US$60 million to Berkshire Fund IX, a buyout fund managed by Berkshire Partners, and US$50 million to AMERRA Agri Fund III, an agricultural lending fund managed by AMERRA Capital Management.
MainePERS has committed funds to this kind of investment vehicles during the last years. In May 2013, the fund committed US$100 million to Brookfield Infrastructure Fund II. Previously, in 2011, the fund committed approximately US$75 million to Global Infrastructure Partners II.
The Maine Public Employees Retirement System (MainePERS) is an independent public agency of the State of Maine, USA. The fund, established in 1942, provides services for retiring public employees and has an infrastructure target of 10%. The System’s contributing members include: Public school teachers and administrators, State employees, and Municipal and other local employees.
Country news
-
-
February 23, 2016
York City shortlists 4 teams for sewer system lease
York City, located in Pennsylvania (USA), has identified potential bidders showing interest in leasing control of the city's sewer system and the waste-water treatment plant. Read more -
February 23, 2016
Tennessee seeks consultants for P3s
The Tennessee Department of General Services is considering the use of public private partnerships (PPP) model to construct new public buildings. Read more -
February 23, 2016
Industry Forum of LA Airport P3s attracts massive interest
LAMP consists of four primary components: an Automated People Mover (APM) system, a Consolidated Rent-A-Car (CONRAC) facility, two Intermodal Transportation Facilities (east and west), as well as roadway improvements to enhance access to the proposed facilities. Read more -
February 22, 2016
Wayne State University seeks developer for student housing project
Wayne State University, an American public research university located in Detroit, Michigan, is seeking a developer to carry out a student housing PPP project. Read more -
February 22, 2016
Changes in LaGuardia Airport P3 to increase cost
Substantial changes to the planned redevelopment of New York’s LaGuardia Airport, which is being built through a public-private partnership, will cause the project’s costs to rise by 50 percent. Read more
