Maine Public Employees Retirement System (PERS) is planning to make an additional $100m (€85.8m) commitment to KKR’s open-ended OECD-focused core infrastructure fund.
The pension fund disclosed in a board meeting document that it expects to approve the new commitment to the KKR Diversified Core Infrastructure Fund, adding to its initial $100m investment made to the fund in April 2022.
The pension fund’s initial investment in the KKR fund has a value of $115.4m with an interim net internal rate of return of 7.2%.
Maine PERS said it is also considering a $25m commitment to KKR Global Infrastructure Investors V, a global fund seeking to raise $20bn to invest in a variety of assets such as water utilities and renewable energy.
Maine PERS said it has approved a $35m commitment into the High Street Value Fund II, a US industrial real estate fund managed by High Street Logistics Properties.
High Street Logistics is known for investing in small-box logistics and distribution assets mainly in the East and Southwest markets.
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