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Maryland State Retirement and Pension System agrees $300m in commitments

The US public pension has backed three North America-focused private equity vehicles.

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Institution: Maryland State Retirement and Pension System
Headquarters: Baltimore, United States
AUM: $52.71bn
Allocation to alternatives: 35.70%
Bitesize: $50-100m

Maryland State Retirement and Pension System has approved $300 million in private equity commitments, a contact at the pension informed Private Equity International. The commitments comprise of $200 million to Whitehorse Liquidity Partners III, $75 million to Energy & Minerals Group Fund V and $25 million to Energy & Minerals Group Fund V Accordion – a co-investment vehicle investing in tandem with Fund V.

The $52.71 billion US public pension has a 13.0 percent target allocation to private equity that currently stands at 14.1 percent.

As illustrated in the charts below, Maryland State Retirement has made several commitments to private equity funds with a 2018 or 2019 vintage, which combined constitute $1.48 billion.

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