This allocator's name, 5 more advisers and 1 more dated event
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
Includes 3 days of DFX Intelligence. Then $249/month unless canceled.
State retirement system in Maryland
State retirement system, based in Baltimore, Maryland, reporting $69B in assets.
Composed from this allocator's classification, location and filed figures.
- Assets
- $69B
- Private allocation
- 40.0%
What matters now
- 1 searchopen now
1 open manager search: Global Custody Services search.
opened 18 Aug 2026 · A mandate the plan is hiring for now; a manager can still respond.
Factthe plan's own search notices and minutesFor managers in the searched asset class, consultantsOpen searches → - Consultantchanged
Changed investment consultant to Funston Advisory Services, LLC.
18 Aug 2026 · A new consultant reviews the manager line-up and brings its own shortlist.
- 40%private markets target
Changed its allocation policy last month.
A new target moves money between asset classes before any manager is hired.
Size, funding, policy and commitments, with their basesState retirement systemShowHide
| 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 |
- Funston Advisory Services, LLC General consultantthrough Aug 18, 2026 Board minutes
- Meketa Investment Group Inc. General consultantthrough Mar 17, 2026 Board minutes
- The Townsend Group Real estate consultantthrough Jun 30, 2025 ACFR
+5 more consultants and advisers advise this allocator
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $249/month unless canceled.
- Aug 18, 2026Policy updatedno URL
- Aug 18, 2026Search openedno URL
- Aug 18, 2026Consultant changedwith Funston Advisory Services, LLCno URL
- Jun 23, 2026Policy updatedno URL
- Mar 17, 2026Policy updatedno URL
+1 more dated event
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $249/month unless canceled.
Provenance
Not yet on record: funded ratio, fund commitments.
Record history
+5 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $249/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+13 connections on the graph
Includes 3 days of DFX Intelligence. Then $249/month unless canceled.