Name: Maryland State Retirement and Pension System
Headquarters: Baltimore, US
AUM: $64.36 billion
Allocation to infrastructure and natural resources: 5%
Maryland State Retirement and Pension System announced commitments made in Q1 2023 during its May investment committee meeting.
The private pension fund committed $300 million to Brookfield Infrastructure Fund V. The core infrastructure fund is Brookfield Asset Management‘s largest fund to date, targeting $25 billion. The fund has already raised $24 billion as of April 2023.
Maryland State Retirement and Pension System allocates 5 percent of its portfolio towards infrastructure and natural resources, amounting to $3.1 billion in capital.
In its real assets pacing plan for 2023, Maryland outlined its aim to concentrate its natural resources and infrastructure portfolio to fewer managers. Additionally, the pension sought to expand its portfolio to traditional energy and renewable assets sectors.
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