Maryland confirms $275m in commitments

The US public pension has backed a core and a core-plus vehicle.

Institution: Maryland State Retirement and Pension System
Headquarters: Baltimore, United States
AUM: $56.13bn
Allocation to alternatives: 26.40%
Bitesize: $50-100m

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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