DFX Intelligence
Allocator Intelligence
The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.
State retirement system
Maryland State Retirement and Pension System
Assets
$69B
Total assets, Jun 30, 2023 derived
Funded
n/a
not filed
Private markets target
40.0%
policy Jun 30, 2025
Commitments
0
none on the tape
Invests for: Maryland Teachers' Retirement and Pension Systems, Maryland Employees' Retirement and Pension Systems, Maryland State Police Retirement System, Maryland Law Enforcement Officers' Pension System
Allocation policy
ACFR, as of Jun 30, 2025
| Asset class (as printed) | Bucket | Target | Range | Actual | Gap | Basis |
|---|---|---|---|---|---|---|
| Cash/Cash Equivalents | Cash | 0.0% | reported sra.maryland.gov | |||
| Inflation-Linked Bonds | Fixed income | 4.0% | reported sra.maryland.gov | |||
| Long-term Government Bonds | Fixed income | 10.0% | reported sra.maryland.gov | |||
| Securitized/Corporate Bonds | Fixed income | 6.0% | reported sra.maryland.gov | |||
| Absolute Return | Hedge / diversifiers | 6.0% | 2% to 10% | reported sra.maryland.gov | ||
| Natural Resources/Infrastructure | Infrastructure | 5.0% | reported sra.maryland.gov | |||
| Multi Assets | Multi-asset | 0.0% | reported sra.maryland.gov | |||
| International Emerging | Other | 6.0% | reported sra.maryland.gov | |||
| Emerging Market Debt | Private credit | 1.0% | reported sra.maryland.gov | |||
| High Yield Bonds/Bank Loans | Private credit | 8.0% | reported sra.maryland.gov | |||
| Private Equity | Private equity | 16.0% | reported sra.maryland.gov | |||
| International Developed Equity | Public equity | 11.0% | reported sra.maryland.gov | |||
| U.S Equity | Public equity | 17.0% | reported sra.maryland.gov | |||
| Real Estate | Real estate | 10.0% | reported sra.maryland.gov |
Consultants and advisers
7 firms
- Meketa Investment Group Inc. General consultantthrough Mar 17, 2026 Board minutes
- Aksia LLC Hedge fund consultantthrough Jun 30, 2025 ACFR
- The Townsend Group Real estate consultantthrough Jun 30, 2025 ACFR
- Hamilton Lane Private equity consultantthrough Jun 30, 2025 ACFR
- State Street Bank & Trust Company Custodianthrough Jun 30, 2025 ACFR
- Gabriel, Roeder, Smith & Company Actuarythrough Jun 30, 2025 ACFR
- Deutsche Bank Custodianthrough Jun 30, 2025 ACFR
People
No investment staff or executives have been read for this allocator yet.
Manager roster
No manager relationship is on the tape for this allocator.
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
1 readings
Total assets
What changed
3 events
- Jun 23, 2026Policy updatedMaryland State Retirement and Pension System (MSRPS) adopts a policy change: asset class roles and ranges
- Mar 17, 2026Policy updatedMaryland State Retirement and Pension System (MSRPS) adopts a policy change (see the minutes)
- Mar 17, 2026Consultant changedMaryland State Retirement and Pension System (MSRPS) selects Meketa as general consultantwith Meketa Investment Group Inc.sra.maryland.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: none on file
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 16, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.