The $10 billion limited partner recently committed up to a $30 million to
“All strategies look interesting at this point,” said Andrew Sawyer, the agency’s chief investment officer. “We have recently made commitments to distressed, buyout and energy, but we are talking to folks in all areas including infrastructure and real estate.”
The LP’s actual allocation to private equity stood at 0.2 percent, as of Sept. 30.
In 2009, Maine pledged $30 million to distressed debt fund
Maine hired California-based Cliffwater LLC last year to provide private equity investment consulting services. Sawyer joined the LP in early 2008 and created the private equity program.