The Maryland State Retirement and Pension System (MSRPS) has committed to three real estate funds as of late.
The investments include $100 million to Asana Partners Fund III, $100 million to Carmel Partners Investment Fund VIII and $25 million to a co-investment associated with Heitman Value Partners V.
Asana Partners Fund III will follow a value-add strategy focused on unique street-front retail within high-growth walkable neighborhoods in the United States. The fund will target areas containing strong demographics, high educational attainment and above-average household income.
In November 2021, the fund had secured $750 million against a fundraising target of $1.5 billion, according to a filing with the SEC.
A spokesperson for MSRPS said Asana is a new manager for the pens
