Whitehorse Liquidity Partners III receives commitment from Maryland State Retirement and Pension System

The US public pension has backed Whitehorse's third private equity-focused secondaries fund.

Institution: Maryland State Retirement and Pension System
Headquarters: Baltimore, United States
AUM: $52.71bn
Allocation to alternatives: 35.70%
Bitesize: $50-100m

Maryland State Retirement and Pension System has approved a $200 million commitment to Whitehorse Liquidity Partners III, a contact at the pension informed Secondaries Investor. This is the pension’s first commitment to a secondaries fund since it committed $150 million to 2016 vintage Landmark Equity Partners XVI.

As illustrated in the charts below, Maryland State Retirement tends to pursue secondaries stakes in funds with a focus on either private equity or venture capital.

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