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

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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
1
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 →

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
State Employee and Teacher Plan
Funds committed to
All 10
Managers
All 11
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
People
3 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
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.

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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
  • Sep 10, 2026Commitment approved
    MainePERS (invests itself) approves $40M to Technology Impact Growth Fund III

+18 more dated events

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

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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.

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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.

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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.

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

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Record history

23 dated events on the change ledger, latest first
  • Commitment approved
    2026-07-09source
  • Commitment approved
    2026-07-09source
  • Commitment approved
    2026-07-09source

+20 more changes on this record's ledger

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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

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