Maryland State Retirement and Pension System, Baltimore, committed a total of $1.5 billion to 21 private equity funds and a combined $600 million to six real estate funds, said Mansco Perry, CIO for the $34 billion system.
The private equity commitments will be made to Riverside V; Great Hill IV; Longitude I; Wind Point VII; Dover Street VII; TPG VI; PIMCO Disco; Brazos III; Charterhouse IX; Goldman Sachs Vintage Fund V; HG Capital VI; Triton III; Apollo VII; Partners Group Secondary 2008; ECI IX; Apex France VIII; Riverside Europe IV; TCW Credit Opportunities Fund; BlackRock Credit Investors II; Quantum Energy V, and First Reserve XII, according to Mr. Perry.
The real estate commitments are to Lubert Adler VI; Frogmore II; Secured Capital Japan Real Estate Partners IV; Starwood Capital Hospitality Fund II and Capital Debt Fund II, and TA Associates Realty IX, Mr. Perry said.
Mr. Perry declined to release the individual commitments for each fund.
The private equity commitments follow the system's increase in its target allocation to 15% of assets from 5% in September. The target allocation for real estate remains at 10%, he said. We've been ramping up our program, Mr. Perry said.