Maryland State Retirement Discloses $1.7B in New Investments

The Maryland State Retirement & Pension Systems disclosed eleven investments totaling $1.795 billion, according to materials from the November Board meeting.

Within private equity, $85 million was committed to LLR Equity Partners VII, $100 million to New Mountain VII, and $250 million to Whitehorse Liquidity Partners VI. 

In private credit, $100 million was committed to Highbridge Strategic Credit Fund II, $150 million to Gramercy Capital Solutions Fund III, and $150 million to NHTV II Kyoto Co-Investor. 

And in real assets, $200 million was committed to Global Infrastructure Partners V and $150 million to Tiverton AgriFinance III. 

In addition, $500 million was committed to Manning & Napier Advisors Fixed income strategy,, $50 million to Loop Capital fixed income, and $60 million to Ducenta Squared fixed income strategy.

As of June 30, 2023, the $63 billion pension fund allocates approximately 22% to private equity with a policy target of 16%. Approximately 15% to real assets with a target of 15%. In fixed income, approximately 14% is allocated with a target of 16%.

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