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Lexington receives $15m commitment from Baltimore

The Maryland-based public pension has backed Lexington's ninth secondaries fund.

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Institution: Baltimore City Fire and Police Employees’ Retirement System
Headquarters: Baltimore, US
AUM: $2.76bn
Allocation to alternatives: 26.2%
Bitesize: $10m-50m

Baltimore City Fire and Police Employees’ Retirement System has agreed to commit $15 million to Lexington Capital Partners Fund IX, a contact at the pension informed Secondaries Investor.

As illustrated in the charts below, BCFPERS has committed to four secondaries funds since 2014, which combined constitute $58.5 million. Three of these four commitments were to funds managed by Greenspring Associates: Greenspring Secondaries Funds I, II and III.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.