Maryland State Retirement and Pension System agrees $100m commitment

The US public pension has backed Lone Star's sixth real estate fund.

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Institution: Maryland State Retirement and Pension System
Headquarters: Baltimore, United States
AUM: $52.71bn
Allocation to alternatives: 35.70%
Bitesize: $50-100m

Maryland State Retirement and Pension System has approved a $100 million commitment to Lone Star Real Estate Funds VI, a contact at the pension informed PERE.

The $52.71 billion US public pension has a 10.0 percent target allocation to private equity that currently stands at 9.60 percent.

As illustrated in the charts below, Maryland State Retirement has made three commitments to 2018 vintage real estate funds, which combined constitute $244 million.

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