During 2017, Maine Public Employees’ Retirement System brought in about $852.7 million in distributions. Infrastructure funds generated the biggest returns for the pension.
At the forefront, First Reserve’s second energy infrastructure fund boasted the strongest individual performance for MainePERS. The vehicle struck oil, churning out $55.5 million in distributions. It also led the way in IRR for the entire portfolio with 55.2 percent.
Stonepeak Infrastructure Partners followed with its sophomore flagship fund. Stonepeak Infrastructure Partners II produced $43.8 million over 2017. KKR’s Special Situations Fund was third. KKR’s deep-value investing distressed pool generated $35.7 million.
As far as distribution percentage is concerned, (cash out within the 12 months divided by overall cash in), First Reserve Energy Infrastructure Fund II finished first as well. The fund posted a 73 percent distribution.
Next up was Summit Partners’ Growth Equity IX. Summit focuses on technology, healthcare and other growth sectors. Its ninth primary fund turned out a 66.4 distribution percentage.
Abry Partners’ seventh flagship took bronze with a 51.6 distribution percentage. Abry specializes in investments in media, communications, business and information services.
Overall, the portfolio’s distribution percentage from the 12 months was 11.9 percent.
All told, MainePERS’s alternative-investment portfolio has about $8 billion committed to 144 active funds. Those active funds combined for $7.2 billion drawn down, with $2.1 billion cashed out as of Dec. 31, 2017.
Action Item: Download LP Scorecard table as a spreadsheet: LP Scorecard Table