Institution: Maryland State Retirement and Pension System
Headquarters: Baltimore, United States
Allocation to alternatives: 35.40%
Maryland State Retirement and Pension System has agreed to $295 million of commitments across four private equity vehicles, a contact at the pension informed Private Equity International.
The commitments comprise of $45 million to Longitude Venture Partners IV, $100 million to Lightspeed Global Opportunity Fund and $150 million across two funds managed by Leonard Green & Partners: $100 million to Green Equity Investors VIII and $50 million to Jade Equity Investors.
The $54.13 billion US public pension has a 13.0 percent target allocation to private equity that currently stands at 14.10 percent.
As illustrated below, Maryland State has made 14 commitments to 2019-vintage private equity commitments, which combined constitute over $1.2 billion.
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