DFX Intelligence

Allocator Intelligence

State Employee and Teacher Plan

State retirement systemteachers· Maine

State retirement system, based in Maine, reporting $21B in assets, for 128,666 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$21B
Fund commitments
20
Managers
11
Contact decision makersView relationships
More
Ask DFX about this allocatorInvestment staff
Open searchesPlans backing its top managerSimilar plans, same strategyCommitments (20)ConsultantsManagers
As of · the latest dated event for this allocator; each figure carries its own filing or report date

What matters now

  1. $1.03B
    approved, 3 funds

    $1.03B approved across 3 funds on 10 Sep 2026: Ares Senior Direct Lending Core BYOT Master Fund $500M, Meridiam North America Core Infrastructure Fund I $280M, Blackstone Senior Direct Lending Fund $250M.

    10 Sep 2026 · 2 re-ups with existing managers.

    Factboard minutes, 10 Sep 2026For GPs raising in these strategies, placement agentsBoard record →

15 more people, 8 more managers, 18 more commitments and 18 more dated events

Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

People to know

View all people
  • James A. Bennett Ph.D., CFA, CAIA
    Chief Investment Officer
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • James Bennett
    Chief Investment Officer
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Scott A. Lupkas
    Deputy Chief Investment Officer
    Why: Chief investment officer: owns the allocation decision
    No route on file yet

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
All 18
State Employee and Teacher Plan
Funds committed to
All 10
Managers
All 11

Relationship network

51 connected entities21 observed commitments8 repeat counterparties$2.5B disclosed commitments (20 commitments)12 dated commitments shown here, 2026

From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Fund or vehicle
  • Service provider
  • Person
›How strength and recency are read

Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

Size, funding, policy and commitments, with their basesState retirement systemShow
State retirement system
Assets
$21B
Fiduciary net position, Jun 30, 2025 reported
Funded
not on record
not filed
Private markets target
no policy read
no policy read
Commitments
20
19 dated closings

Consultants and advisers

2 firms

Decision makers

who to call first about an allocation, and why; then everyone else by function
  • James A. Bennett Ph.D., CFA, CAIA · Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • James Bennett · Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Scott A. Lupkas · Deputy Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

People

18 roles
Chief investment officer
James A. Bennett Ph.D., CFA, CAIA
Chief Investment Officer (Jun 30, 2025) mainepers.org
James A. Bennett Ph.D., CFA, CAIA Chief Investment Officer
James Bennett
Chief Investment Officer (Sep 30, 2026) mainepers.org
ms Meet with Us Investments Menu MainePERS Investments Team Name Position James Bennett, Ph.D., CFA, CAIA Chief Investment Officer Scott A. Lupkas, CFA Deputy Chief Investment Officer James Ackor, CAI

+15 more people on the investment staff and board

Every name, title and published role at this allocator, with the page it was read from.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Manager roster

11 managers on the commitment tape
From the plan’s own commitment disclosures
  • Ares$500M, 1 row, 1 re-ups, latest Sep 10, 2026
  • Blackstone$375M, 2 rows, latest Sep 10, 2026
  • Brookfield$300M, 1 row, latest Jul 9, 2026

+8 more managers received commitments

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What changed

23 events
  • Sep 10, 2026Commitment approved
    MainePERS (invests itself) approves $20M to JSL Health Capital Fund II
    with JSL Health Capital Management, LLCmainepers.org
  • Sep 10, 2026Commitment approved
    MainePERS (invests itself) approves $10M to JSL Health Capital Fund II Special Investment Vehicle
    with JSL Health Capital Management, LLCmainepers.org
  • Sep 10, 2026Commitment approved
    MainePERS (invests itself) approves $500M to Ares Senior Direct Lending Core BYOT Master Fund
    with Aresmainepers.org
  • Sep 10, 2026Commitment approved
    MainePERS (invests itself) approves $40M to Technology Impact Fund III
    mainepers.org
  • Sep 10, 2026Commitment approved
    MainePERS (invests itself) approves $40M to Technology Impact Growth Fund III
    mainepers.org

+18 more dated events

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.

Commitments

21 rows, 0 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Sep 10, 2026Ares Senior Direct Lending Core BYOT Master FundAresPrivate credit$500MApprovedre-upmainepers.org
as of Sep 10, 2026Meridiam North America Core Infrastructure Fund IMeridiamInfrastructure$280MApprovedre-upmainepers.org
as of Sep 10, 2026Blackstone Senior Direct Lending FundBlackstonen/a$250MApprovedmainepers.org

+18 more commitments

Every fund and manager this allocator committed to, with the amount, date and source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Size and funding

58 readings
Total assets
$16B Jun 30, 2024 reported Census ASPP
$15B (2023-06) · $15B (2022-06)
Fiduciary net position
$21B Jun 30, 2025 reported ACFR
$16B (2024-06) · $15B (2023-06) · $15B (2022-06)
Long-term investments
$16B Jun 30, 2024 reported Census ASPP
$15B (2023-06) · $14B (2022-06)
Total pension liability
$2.2B Jun 30, 2024 reported Census ASPP
$2.4B (2023-06) · $2.4B (2022-06)
Discount rate
6.50% Jun 30, 2024 reported Census ASPP
6.50% (2023-06) · 6.50% (2022-06)
Participants
128,666 Jun 30, 2024 derived Census ASPP
127,864 (2023-06) · 126,179 (2022-06)
Active members
40,932 Jun 30, 2024 derived Census ASPP
40,586 (2023-06) · 40,121 (2022-06)
Beneficiaries
38,789 Jun 30, 2024 reported Census ASPP
39,038 (2023-06) · 38,408 (2022-06)
Benefits paid
$1.0B Jun 30, 2024 reported Census ASPP
$982M (2023-06) · $931M (2022-06)
Investment expense
$109M Jun 30, 2024 reported Census ASPP
$115M (2023-06) · $104M (2022-06)

Commitment history

20 decisions the board record started
VehicleManagerAmountStateProposedApprovedClosedFirst reportedOther LPs
Ares Senior Direct Lending Core BYOT Master FundAres$500Mapproved-Sep 10, 2026---
Technology Impact Fund III, LPCapricorn Investment Group LLC$40.0Mapproved-Sep 10, 2026---
Technology Impact Growth Fund III, LPCapricorn Investment Group LLC$40.0Mapproved-Sep 10, 2026---

+17 more board decisions

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Provenance

Identifiers: Census PID6 228200
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 23, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.

Not yet on record: funded ratio, private markets allocation target, allocation policy.

Capital chain

State Employee and Teacher Plan sits on 13 traced paths of capital across the graphs.

Allocator commitments to a managerConsultant to allocator to manager

DFX traced 13 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Record history

23 dated events on the change ledger, latest event first
  • Commitment approved
    2026-09-10source on record
  • Commitment approved
    2026-09-10source on record
  • Commitment approved
    2026-09-10source on record

+20 more changes on this record's ledger

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+13 connections on the graph

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.