T
he Maryland State Retirement and Pension System (SRPS) has greenlit $100m in real co-investments with existing managers, as per its meeting document. The pension fund revealed multiple commitments across an equal number of general partners but declined to disclose the specific managers and funds involved.

    This latest move follows a recent $100m investment into Heitman Value Partners Fund VI at the system's May 2024 board meeting. The Heitman fund aims to raise $2bn, focusing on diverse property types such as self-storage, single-family rentals, and medical office buildings.

    Maryland SRPS also committed $100m to FPA Core Plus Fund VI, a core-plus US multifamily real estate fund seeking to raise $1bn for apartments with a target net internal rate of return of 9-11%.