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Mainepers Private Market Investments Summary: 12/31/20

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Mainepers Private Market Investments Summary: 12/31/20 MainePERS Private Market Investments Summary: 12/31/20 Amount Total Current Market Commitment Date of Contributed Distributions Value Total Value Interim Asset Class Summary (A) Commitment (B) (C) (D) (C+D) Net IRR Alternative Credit$ 1,282,500 $ 798,698 $ 126,636 $ 798,809 $ 925,445 6.7% Infrastructure$ 2,889,675 $ 2,432,694 $ 1,517,473 $ 1,784,764 $ 3,302,237 10.4% Natural Resources$ 1,015,500 $ 951,553 $ 308,549 $ 858,396 $ 1,166,945 7.7% Private Equity $ 4,161,888 $ 3,442,756 $ 2,045,301 $ 3,343,052 $ 5,388,353 16.8% Real Estate$ 1,918,400 $ 1,590,938 $ 657,255 $ 1,436,432 $ 2,093,686 6.5% Total$ 11,267,963 $ 9,216,640 $ 4,655,213 $ 8,221,452 $ 12,876,666 Note: This Asset Class Summary table includes all private market investments: both fund investments and co‐investments. Amount Total Current Market Commitment # of Co‐ Contributed Distributions Value Total Value Interim Co‐Investment Summary (A) Investments (B) (C) (D) (C+D) Net IRR Alternative Credit Co‐Investments$ 77,500 15$ 76,174 $ 17,677 $ 69,278 $ 86,955 7.4% Infrastructure Co‐Investments$ 208,000 10$ 202,703 $ 105,936 $ 169,799 $ 275,735 7.2% Natural Resources Co‐Investments$ 32,500 2$ 27,238 $ ‐ $ 46,713 $ 46,713 36.8% Private Equity Co‐Investments$ 363,188 28$ 329,862 $ 124,074 $ 411,916 $ 535,990 19.8% Real Estate Co‐Investments$ 63,400 4$ 41,180 $ 4,160 $ 38,219 $ 42,379 3.1% Total$ 744,588 $ 677,157 $ 251,847 $ 735,925 $ 987,772 Note: This table contains values for the co‐investment portion of the private market portfolio. (all dollar amounts in thousands) Page 1 MainePERS Private Market Investments Summary: 12/31/20 Alternative Credit Amount Total Current Market Commitment Date of Contributed Distributions Value Total Value Interim Fund Name (A) Commitment (B) (C) (D) (C+D) Net IRR Mesa West Core Lending Fund$ 100,000 6/18/2013$ 108,307 $ 42,750 $ 109,082 $ 151,831 6.5% Owl Rock Capital Corporation$ 100,000 3/10/2017$ 100,000 $ 7,697 $ 97,500 $ 105,197 2.1% Audax Senior Debt (MP), LLC $ 100,000 6/30/2017$ 96,000 $ ‐ $ 111,329 $ 111,329 4.8% Tennenbaum Direct Lending VIII$ 100,000 11/30/2017$ 100,883 $ 23,004 $ 92,517 $ 115,521 6.9% Ares Capital Europe IV$ 120,000 4/30/2018$ 81,418 $ 4,984 $ 90,448 $ 95,431 12.1% Angelo Gordon Direct Lending Fund III$ 100,000 7/20/2018$ 100,000 $ 16,284 $ 97,271 $ 113,555 9.3% Global Infrastructure Partners Spectrum$ 100,000 2/20/2019$ 28,297 $ 3,394 $ 25,508 $ 28,901 NM Solar Capital Private Corporate Lending Fund$ 50,000 6/26/2019$ 6,779 $ 361 $ 7,760 $ 8,122 NM Solar Capital Debt Fund$ 50,000 6/26/2019 $ ‐ $ ‐ $ 181 $ 181 NM Angelo Gordon Direct Lending Fund IV $ 100,000 1/24/2020$ 32,500 $ ‐ $ 33,759 $ 33,759 NM Silver Point Specialty Credit II$ 50,000 1/31/2020$ 16,962 $ 4,063 $ 14,601 $ 18,664 NM Angelo Gordon Direct Lending Fund II$ 25,000 3/31/2020$ 23,749 $ 6,423 $ 21,661 $ 28,084 NM Owl Rock Capital Corporation III$ 100,000 6/19/2020$ 27,630 $ ‐ $ 27,855 $ 27,855 NM Ares Capital Europe V$ 110,000 9/4/2020 $ ‐ $ ‐ $ 61 $ 61 NM Alternative Credit Co‐Investments$ 77,500 Various$ 76,174 $ 17,677 $ 69,278 $ 86,955 7.4% Subtotal$ 1,282,500 $ 798,698 $ 126,636 $ 798,809 $ 925,445 6.7% (all dollar amounts in thousands) Page 2 MainePERS Private Market Investments Summary: 12/31/20 Infrastructure Amount Total Current Market Commitment Date of Contributed Distributions Value Total Value Interim Fund Name (A) Commitment (B) (C) (D) (C+D) Net IRR Carlyle Infrastructure Partners$ 50,000 11/2/2007$ 57,366 $ 64,289 $ 490 $ 64,779 2.5% Global Infrastructure Partners$ 75,000 3/31/2008$ 101,173 $ 205,062 $ 754 $ 205,815 17.3% Alinda Infrastructure Fund II$ 50,000 9/17/2009$ 67,681 $ 62,506 $ 14,046 $ 76,552 2.8% Cube Infrastructure$ 45,000 4/16/2010$ 60,063 $ 94,272 $ 2,752 $ 97,024 8.0% First Reserve Energy Infrastructure Fund$ 50,000 6/30/2010$ 59,424 $ 48,313 $ 12,005 $ 60,317 0.4% KKR Global Infrastructure Investors$ 75,000 9/29/2010$ 87,263 $ 143,327 $ 7,160 $ 150,487 12.8% ArcLight Energy V$ 75,000 10/28/2011$ 76,031 $ 72,595 $ 28,450 $ 101,046 8.0% Global Infrastructure Partners II$ 75,000 12/3/2011$ 95,524 $ 75,768 $ 78,784 $ 154,552 15.8% Meridiam Infrastructure N.A. II$ 75,000 9/28/2012$ 60,434 $ 23,413 $ 85,432 $ 108,845 13.7% Brookfield Infrastructure Fund II$ 100,000 6/28/2013$ 113,179 $ 51,144 $ 116,178 $ 167,322 9.5% First Reserve Energy Infrastructure Fund II$ 100,000 10/21/2013$ 121,253 $ 100,989 $ 59,719 $ 160,707 21.8% KKR Global Infrastructure Investors II$ 150,000 10/24/2014$ 175,395 $ 145,376 $ 126,898 $ 272,274 16.9% ArcLight Energy VI $ 150,000 11/25/2014$ 159,687 $ 64,575 $ 93,842 $ 158,417 ‐0.3% Meridiam Infrastructure N.A. II$ 20,000 6/30/2015$ 11,457 $ 2,297 $ 21,804 $ 24,101 21.8% MINA II CIP$ 175 6/30/2015$ 110 $ 19 $ 6,708 $ 6,727 149.5% Meridiam Infrastructure (SCA)$ 11,000 9/23/2015$ 22,157 $ 7,479 $ 51,601 $ 59,079 10.1% Meridiam Infrastructure Europe II (SCA)$ 22,500 9/23/2015$ 27,314 $ 9,120 $ 38,560 $ 47,680 11.7% Stonepeak Infrastructure Partners II$ 140,000 11/12/2015$ 177,924 $ 96,513 $ 145,475 $ 241,988 14.7% Carlyle Power Partners II$ 50,000 11/19/2015$ 46,986 $ 15,092 $ 41,888 $ 56,980 8.2% Brookfield Infrastructure Fund III$ 100,000 4/15/2016$ 90,390 $ 33,758 $ 80,995 $ 114,753 11.1% Global Infrastructure Partners III$ 150,000 4/15/2016$ 150,578 $ 45,421 $ 128,997 $ 174,418 6.6% Meridiam Infrastructure Europe III SLP$ 95,000 4/27/2016$ 52,178 $ 10,287 $ 34,922 $ 45,209 ‐10.7% EQT Infrastructure III$ 68,000 12/3/2016$ 79,894 $ 12,547 $ 105,586 $ 118,132 20.3% Meridiam Infrastructure N.A. III$ 50,000 7/12/2017$ 4,521 $ 1 $ 2,192 $ 2,193 NM Stonepeak Infrastructure Partners III$ 150,000 10/13/2017$ 114,733 $ 17,169 $ 129,153 $ 146,322 20.3% KKR Global Infrastructure Investors III$ 100,000 3/29/2018$ 49,395 $ 3,251 $ 45,555 $ 48,805 NM Cube Infrastructure II$ 75,000 9/11/2018$ 52,028 $ 2,319 $ 56,670 $ 58,989 8.4% EQT Infrastructure IV$ 100,000 12/17/2018$ 61,956 $ 3,327 $ 64,613 $ 67,940 10.5% Global Infrastructure Partners IV$ 150,000 12/21/2018$ 5,051 $ ‐ $ ‐ $ ‐ NM Carlyle Global Infrastructure Opportunity Fund$ 100,000 5/1/2019$ 19,327 $ 1,308 $ 7,597 $ 8,906 NM Stonepeak Infrastructure Partners IV $ 125,000 5/8/2020 $ ‐ $ ‐ $ ‐ $ ‐ NM GIP Sonic$ 30,000 7/31/2020$ 29,520 $ ‐ $ 26,140 $ 26,140 NM EQT Infrastructure V$ 75,000 12/8/2020 $ ‐ $ ‐ $ ‐ $ ‐ NM Infrastructure Co‐Investments$ 208,000 Various$ 202,703 $ 105,936 $ 169,799 $ 275,735 7.2% Subtotal$ 2,889,675 $ 2,432,694 $ 1,517,473 $ 1,784,764 $ 3,302,237 10.4% (all dollar amounts in thousands) Page 3 MainePERS Private Market Investments Summary: 12/31/20 Natural Resources Amount Total Current Market Commitment Date of Contributed Distributions Value Total Value Interim Fund Name (A) Commitment (B) (C) (D) (C+D) Net IRR ACM Permanent Crops$ 35,000 10/24/2014$ 38,833 $ 8,994 $ 46,491 $ 55,485 8.2% Taurus Mining Fund$ 50,000 3/27/2015$ 41,307 $ 26,361 $ 21,050 $ 47,411 6.6% Teays River Integrated Agriculture$ 200,000 7/1/2015$ 200,000 $ 28,770 $ 329,269 $ 358,039 11.8% U.S. Farming Realty Trust III$ 100,000 7/7/2015$ 107,392 $ 11,057 $ 84,071 $ 95,128 ‐4.3% Twin Creeks Timber$ 150,000 1/7/2016$ 166,946 $ 61,935 $ 102,925 $ 164,860 ‐0.4% AMERRA Agri Fund III$ 50,000 2/11/2016$ 87,422 $ 52,360 $ 36,477 $ 88,836 0.9% ACM Permanent Crops II$ 35,000 5/12/2016$ 38,098 $ 8,885 $ 23,259 $ 32,144 ‐8.7% Orion Mine Finance Fund II$ 50,000 5/25/2016$ 98,663 $ 64,728 $ 54,417 $ 119,145 13.5% Homestead Capital Farmland II$ 50,000 8/8/2016$ 51,998 $ 6,989 $ 45,034 $ 52,023 0.0% Taurus Mining Fund Annex $ 23,000 12/1/2016$ 17,235 $ 12,005 $ 10,590 $ 22,596 19.7% Denham Mining Fund$ 35,000 6/29/2018$ 14,731 $ ‐ $ 16,239 $ 16,239 NM Homestead Capital Farmland III$ 30,000 10/26/2018$ 7,779 $ 1,671 $ 5,398 $ 7,069 NM Silver Creek Aggregate Reserves Fund$ 100,000 11/6/2018$ 12,729 $ 745 $ 13,484 $ 14,229 NM Taurus Mining Fund No. 2$ 75,000 4/18/2019$ 41,183 $ 24,050 $ 22,978 $ 47,028 NM Natural Resources Co‐Investments$ 32,500 Various$ 27,238 $ ‐ $ 46,713 $ 46,713 37% Subtotal$ 1,015,500 $ 951,553 $ 308,549 $ 858,396 $ 1,166,945 7.7% (all dollar amounts in thousands) Page 4 MainePERS Private Market Investments Summary: 12/31/20 Private Equity Amount Total Current Market Commitment Date of Contributed Distributions Value Total Value Interim Fund Name (A) Commitment (B) (C) (D) (C+D) Net IRR Hellman & Friedman Capital Partners VII$ 30,000 6/19/2009$ 40,606 $ 83,807 $ 19,468 $ 103,275 24.7% Oaktree Opportunities VIII$ 30,000 12/9/2009$ 30,000 $ 42,747 $ 838 $ 43,584 9.0% Carlyle Asia Partners III$ 15,000 12/31/2009$ 19,799 $ 26,953 $ 963 $ 27,916 11.3% H.I.G.
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