Institution: Maryland State Retirement and Pension System
Headquarters: Baltimore, US
AUM: $56.99 billion
Allocation to alternatives: 26.9%
Maryland State Retirement and Pension System approved a $150 million commitment to Taurus Mining Finance II at its November 2020 meeting, a contact at the pension informed Infrastructure Investor.
The $56.99 billion US public pension has a 3.5 percent allocation to natural resources and infrastructure.
As illustrated below, Maryland’s infrastructure fund commitments tend to focus on vehicles targeting energy and mining investments.
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