Maryland State Retirement and Pension System (SRPS) has committed $350m (€311.7m) across I Squared Capital and Stonepeak strategies to expand its infrastructure portfolio.
The pension fund disclosed in a board meeting document that it allocated $100m to the I Squared Energy Transition Fund and $100m to the I Squared Co-Investment Sidecar.
The energy transition vehicle had raised $882m as of June, according to an SEC filing, against a target of $2bn to $2.5bn. The strategy primarily targets North American and European infrastructure assets.
Maryland SRPS also committed $150m to Stonepeak Opportunities Fund II, a core-plus and value-add strategy targeting North American and European infrastructure. The fund seeks $3.5bn with a $4bn hard cap.
Maryland SRPS also disclosed that it created a new manager relationship with a $75m commitment to the TA Realty Residential Real Estate Fund to target core residential assets.
It also approved a $100m commitment to the Abacus Multi-Family Partners Fund VII for value-add garden apartment investments.
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