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.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.