Maryland State Retirement and Pension System, Baltimore, committed $50 million to Hancock Timberland X, Mansco Perry III, the $33.7 billion system’s chief investment officer, said in an interview.
Separately, the fund returned 20.43% on its investments for the first nine months of its fiscal year, from July 1 through March 31. Mr. Perry said much of the increase was the result of a 29.7% return in the system’s public equities portfolio, which represents 55% of total assets.
Mr. Perry said he also expects to announce the winners of system searches for private equity and real estate consultants within the next two weeks. The incumbent real estate consultant is Partners Group and the current private equity consultant is Altius Associates, he said. Mike Golden, fund spokesman, declined comment on whether the incumbents rebid.
“There may be changes; there may not be changes,” Mr. Perry said.