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Maryland confirms $100m commitment

The US public pension has backed a vehicle managed by private equity secondaries specialist Whitehorse Liquidity Partners.

Institution: Maryland State Retirement and Pension System
Headquarters: Baltimore, US
AUM: $62.55 billion
Allocation to alternatives: 25.8 percent

Maryland State Retirement and Pension System approved a $100 million commitment to Whitehorse Liquidity Partners Loch Raven Fund at its February 2021 investment committee meeting, a contact at the pension told Private Equity International.

The $62.55 billion US public pension committed $200 million to Whitehorse Liquidity Fund IV in September 2020.

Maryland has a 13 percent target allocation to private equity which stood at 14.9 percent as of 31 December 2020, the most recently available asset allocation data for the pension.

As illustrated below, Maryland’s recent private equity fund commitments have tended to focus on vehicles investing in North American companies.

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