Maryland State Retirement and Pension System (SRPS) has added Carmel Partners and Asana Partners to its US real estate fund manager line-up.
The pension fund said in a meeting document that it has issued a $100m (€87.9m) commitment each to the Carmel Partners Investment Fund VIII apartment fund and the Asana Partners Fund III retail property fund.
Maryland SRPS joins the Texas County & District Retirement System, which made a $125m commitment to the Carmel Partners fund.
It is currently unknown how much capital Carmel Partners seeks for the latest fund. The previous fund which closed in 2018 raised $1.28bn.
Carmel Partners declined a request for comment.
As previously reported, Asana Partners seeks to raise $1bn and a $1.75bn hard cap for its fund.
Maryland SRPS said it has also approved $25m into the HVP V SR Co-Investment managed by Heitman to target US residential assets.
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