Maryland State Retirement and Pension System

About Maryland State Retirement and Pension System

Maryland State Retirement and Pension System's investment portfolio is valued at $67.76 billion as of March 31, 2024, with investments in domestic and international equity, fixed income, private equity, real estate, real assets, natural resources, infrastructure, hedge funds, direct lending, distressed debt, and cash. Its returns for the 1 year, 3 years, 5 years, and 10 years were 7.3%, 4.2%, 7.4%, and 6.6%. Investments in private equity include buyouts, co-investment, fund of funds, mezzanine, private equity growth expansion, diversified private equity, secondaries, and venture capital fund strategies diversified in geographical locations across the globe. The plan is open to any first-time fund investments. As of March 31, 2024, the real asset portfolio was valued at $9.82 billion. The pension fund's investments are governed by the executive management team, with Mr. Andrew Palmer serving as Chief Investment Officer. Aksia, The Townsend Group, Hamilton Lane, and Meketa Investment Group serve as LP Consultants.