Maryland Retirement Discloses $900M in New Investments

The Maryland State Retirement & Pension System has disclosed approximately $900 million in new investments.

In private equity, $90 million was committed to the buyout fund, Bain Capital Asia V, managed by Bain Capital. $70 million was committed to the venture capital fund, Institutional Venture Partners XVIII, managed by IVP. $125 was committed to the growth equity fund, TA XV, managed by TA Associates. Lastly, $85 million was committed to the buyout fund, Vistria Fund V.

Within private credit, $100 million was committed to Taurus Mining Royalty Fund, managed by Taurus Funds Management. In addition, $125 million was committed to Hayfin Healthcare Opportunities Fund, managed by Hayfin Capital Management.

$300 million was also allocated to the infrastructure fund, Brookfield Infrastructure Fund V.

As of March 31, 2023, the retirement system was valued at approximately $64.4 billion.

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