Maryland State Retirement and Pension System has made $250m (€230.6m) worth of infrastructure commitments through funds managed by DigitalBridge Partners and EQT, marking new partnerships for the pension fund.
Maryland State Retirement disclosed in a meeting document that it has made a $150m commitment to the DigitalBridge Partners III and placed $100m into the EQT Infrastructure Fund VI fund.
The pension system, which made the commitments as part of its real-return asset class, classifies the DigitalBridge fund as a value-add strategy, while EQT’s falls under the value-add or opportunistic category.
DigitalBridge is known as a global investor in digital infrastructure, with targeted sectors including data centres, fibre, macro cell towers, edge infrastructure and small cell towers.
DigitalBridge declined a request to comment on the size of Partners III’s capital raise.
EQT, which is seeking to raise €20bn for its fund has set a hard cap of €21bn. Fund VI will invest globally in digital, energy/environmental, transportation, logistics and social infrastructure.
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