MainePERS confirms $125m commitment

The US public pension has backed Angelo Gordon's fifth credit fund.

Institution: Maine Public Employees Retirement System
Headquarters: Augusta, US
AUM: $18.8 billion
Allocation to alternatives: 40.8%

Maine Public Employees Retirement System approved a $125 million commitment to AG Direct Lending Fund V, a contact at the pension informed Buyouts. The commitment is subject to final due diligence by the pension fund.

The fund, managed by Angelo Gordon, will invest in North American companies and seek senior debt returns.

The US public pension’s recent fund commitments have predominantly targeted North American vehicles focused on a variety of sectors.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.