Maryland SRPS invests $500m to private credit for 2020

The system committed to five funds this year.

Institution: Maryland State Retirement and Pension System
Headquarters: Baltimore, United States
AUM: $54.7 billion
Allocation to alternatives: 26.1%

Maryland SRPS has committed up to $500 million to 2020-vintage private credit funds, according to an investment document from its September 2020 meeting.

The pension committed $150 million to HCR Potomac Fund in January; $50 million to Castlelake Aviation IV Stable Yield Opportunities; $150 million Castlelake Aviation IV Stable Yield; $50 million to Shamrock Capital Content Fund II, which has a fund size of $400 million and is focusing on investments in the corporate sector in North America; and $100 million to CVI Credit Value Fund V.

The $54.7 billion system’s private credit and debt strategies constitute 9.41 percent of its total investment portfolio. As illustrated below, Maryland SRPS primarily invests in North America.

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