Institution: Maryland State Retirement and Pension System
Headquarters: Baltimore, United States
Allocation to alternatives: 26.40%
Maryland State Retirement and Pension System has agreed to $275 million-worth of real estate vehicles across a pair of vehicles, a contact at the pension informed PERE. The commitments comprise of $75 million to AEW Senior Housing Investors IV and $200 million to Black Creek Group’s open-ended Industrial Fund.
The $56.13 billion Baltimore-based public pension has an 8.40 percent current and target allocation to real estate.
As illustrated below, Maryland has made five commitments to real estate funds with a 2018 or 2019 vintage, which combined constitute $515 million.
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