Maryland confirms $150m in commitments

The US public pension has backed a pair of US-focused real estate vehicles.

Institution: Maryland State Retirement and Pension System
Headquarters: Baltimore, US
AUM: $53.76 billion
Allocation to alternatives: 26.60%

Maryland State Retirement and Pension System approved $150 million-worth of real estate commitments at its June investment committee meeting, a contact at the pension informed PERE.

The commitments comprised $100 million to FPA Core Plus Fund V and $50 million to Abacus Multi-Family Partners V.

The real estate allocation is part of the $53.76 billion public pension’s real assets portfolio.

As illustrated below, Maryland tends to focus its real estate commitments on North American vehicles seeking core to core-plus returns.

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