Maryland State RPS Commits $544M to US and Int’l Equities, Private Credit

The Maryland State Retirement & Pension Systems allocated approximately $544M in total new commitments across nine funds, according to November 19 board meeting materials.

Of the new commitments, seven were to US equities funds: Integrated Quantitative Investments Small Cap, which received a $103M allocation; Bosun U.S. Small Cap Growth, which received $27M; Bridge City US Small Cap Growth, with $56M; Dean Small Cap Value, with $52M; Peapod Lane Micro Cap, with $21M; Riverwater Small Cap Equity, with $62M; and Tieton Capital Small Cap Value Equity, with $48M.

An international equity fund managed by Haven Global Partners also received a $100M commitment from the pension. Meanwhile, in private credit, the pension allocated $75M to opportunistic Emso Private Credit Fund 3, in a transaction that closed on August 15.

As of its second quarter data, the Maryland retirement system said it manages $67.7B in total assets, with 46.3% or $31.3B composed of private assets.

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