Maryland Retirement Commits $1.83B to Alts
Written by: Helen Bascom, Marketing Associate
The Maryland State Retirement & Pension Systems Announced 14 recent commitments to alternatives totaling $1.83 billion at their September 19th Investment Committee meeting.
Within Private Equity, $85 million was allocated to Vistria Fund V, $100 million was allocated to Hellman & Friedman XI, $136 million to CVC Capital Partner IX, $85 million to LLR Equity Partners VII, $100 million to New Mountain Fund VII. Additionally, $103 million was allocated to ‘Private Equity Co-Investments 2023’. Details of the co-investments were not available.
In Real Assets, $300 million was committed to Brookfield Infrastructure Fund V, $150 million to Stonepeak Opportunities Fund, and $200 million was committed to Global Infrastructure Partners V.
In Private Credit, $100 million was allocated to Waterfall Silver Spring Fund, $150 million was allocated to Castlelake Aviation V Stable Yield, $75 million to Hayfin Healthcare Opportunities Fund Co-Invest I, $100 million to Highbridge Strategic Credit Fund II, and $150 million was allocated to Gramercy Capital Solutions Fund III.
As of June 30th, Maryland State Retirement & Pension Systems has allocated $14.3 billion, approximately 21.8% of their holdings, to private equity; $3.1 billion, approximately 4.8% to Natural Resources & Infrastructure; and $5.7 billion, approximately 8.7% of their holdings, to credit/debt strategies.
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