MSRPS commits $100 million to core-plus real estate fund

Maryland SRPS is backing FPA Multifamily's FPA Core Plus Fund VI.

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Name: Maryland State Retirement and Pension System
Headquarters: Baltimore, US
AUM: $62.92 billion
Allocation to private real estate: 11.8%

Maryland State Retirement and Pension System has recently allocated $100 million to a private real estate fund, according to materials from its February 2023 investment committee meeting.

The Baltimore-based pension system committed $100 million to FPA Core Plus Fund VI, managed by FPA Multifamily. The 2022 vintage fund follows a core-plus strategy and invests in multifamily and residential sectors across the US.

Maryland SRPS’s most recent real estate commitment was $100 million allocated to MetLife Core Property Fund in October 2022.

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