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 Teachers' Retirement and Pension Systems

State retirement systemteachersMDcomponent of a larger system
Assets
$44B
Total assets, Jun 30, 2024 derived
Funded
n/a
not filed
Private markets target
n/a
policy Jun 30, 2025
Commitments
0
none on the tape
Allocation policy
ACFR, as of Jun 30, 2025
Actual allocation lines without a target (as filed)
  • Cash/Cash Equivalents 1.3%
  • Rate Sensitive 16.2%
  • Absolute Return 5.5%
  • Multi Assets 0.4%
  • Credit/Debt Related Strategies 9.1%
  • Private Equity 20.5%
  • Public Equity 32.3%
  • Real Assets 14.7%
Consultants and advisers
7 firms
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
57 readings
Total assets
$44B Jun 30, 2024 derived Census ASPP
$43B (2023-06) · $41B (2022-06)
Fiduciary net position
$41B Jun 30, 2024 reported Census ASPP
$39B (2023-06) · $39B (2022-06)
Long-term investments
$43B Jun 30, 2024 reported Census ASPP
$42B (2023-06) · $40B (2022-06)
Total pension liability
$14B Jun 30, 2024 reported Census ASPP
$12B (2023-06) · $10B (2022-06)
Discount rate
6.80% Jun 30, 2024 reported Census ASPP
6.80% (2023-06) · 6.80% (2022-06)
Participants
223,785 Jun 30, 2024 derived Census ASPP
220,652 (2023-06) · 217,326 (2022-06)
Active members
115,316 Jun 30, 2024 derived Census ASPP
112,773 (2023-06) · 110,830 (2022-06)
Beneficiaries
84,975 Jun 30, 2024 reported Census ASPP
84,177 (2023-06) · 82,884 (2022-06)
Benefits paid
$2.8B Jun 30, 2024 reported Census ASPP
$2.7B (2023-06) · $2.5B (2022-06)
Investment expense
$263M Jun 30, 2024 reported Census ASPP
$261M (2023-06) · $343M (2022-06)
What changed
3 events
  • Jun 30, 2024Assets changed
    Maryland Teachers' Retirement and Pension Systems fiduciary net position $39.4B -> $41.1B (+4.3%, 2023-06-30 to 2024-06-30)
  • Jun 30, 2024Assets changed
    Maryland Teachers' Retirement and Pension Systems total assets $43.1B -> $44.1B (+2.5%, 2023-06-30 to 2024-06-30)
  • Jun 30, 2023Assets changed
    Maryland Teachers' Retirement and Pension Systems total assets $41.4B -> $43.1B (+3.9%, 2022-06-30 to 2023-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 227140
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 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.