MSRPS outlines private credit pacing plan

MSRPS released its private credit pacing strategy for 2023 in a recent investment committee session.

Name: Maryland State Retirement and Pension System
Headquarters: Baltimore, US
AUM: $62.92 billion
Allocation to private credit: 8.2%

Maryland State Retirement and Pension System has outlined its private credit pacing plan for 2023, according to materials from the system’s 21 February investment committee meeting.

Highlights included:

  • MSRPS aims to make private debt commitments amounting to $1.5 billion for full-year 2023, while exercising selectivity and flexibility in choosing funds.
  • The public pension will diversify its strategic allocation in order to gain exposure to more profitable sectors.
  • Maryland also seeks to improve its portfolio performance through co-investments.

Maryland SRPS has a policy allocation of 8 percent towards private credit vehicles. The pension fund’s recent debt commitments include:

Maryland State Retirement and Pension System’s private credit portfolio is managed by Hamilton Lane, while its overall pension performance is overseen by Meketa.

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