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Maryland State Retirement and Pension System approves $370.6m in commitments

The US public pension has backed six private equity funds.

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Institution: Maryland State Retirement and Pension System
Headquarters: Baltimore, United States
AUM: $50.0bn
Allocation to alternatives: 35.0%

Maryland State Retirement and Pension System has agreed to commit $370.6 million to six private equity funds, a contact at the pension informed Private Equity International. These commitments comprise of $30 million to New Mainstream III, $70 million to Roark V, $75 million to PAG III, $100 million to Bain Asia IV, $30.1 million to ChrysCapital VII and €60 million to Astorg VII. The commitments were agreed by the pension across Q4 2018 and the first two months of Q1 2019.

The $50.0 billion US public pension has a 13.0 percent target allocation to private equity which currently stands at 14.1 percent.

As illustrated in the charts below, Maryland State Retirement and Pension System has committed to 14 private equity funds with a 2018 vintage, which combined constitute $1.18 billion.

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