Maine Public Employees Retirement System (PERS) has approved $157m (€140m) of commitments to an EQT real estate fund and an infrastructure vehicle managed by The Carlyle Group.
The $14.6bn pension fund is putting $100m into Carlyle Global Infrastructure Opportunity Fund and €50m into the newly launched EQT Real Estate II.
According to sources, Carlyle is seeking to raise $2.5bn capital for the non-core global infrastructure fund.
EQT’s value-add Real Estate II will target a diversified group of property types in Europe.
The real estate arm of Swedish private equity group EQT was launched in 2015 and raised its debut fund, EQT Real Estate I, in 2017. It is the first time that the pension fund has invested with EQT Real Estate.
As previously reported, Teacher Retirement System of Texas committed €100m to Real Estate II and a further €150m in co-investment capital.
EQT declined a request for comment.