Maryland confirms $150m commitment

The US public pension has backed Taurus Fund Management's second mining finance vehicle.

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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