Maryland State Retirement commits $100m to Lone Star Real Estate Fund VI

The $52.7 billion Maryland State Retirement and Pension System has committed $100 million to Lone Star Real Estate Fund VI, managed by Lone Star Funds.

The closed-end fund launched last year with a target of $4.5 billion. In early March, Lone Star Real Estate Fund VI had already raised $3.6 billion.

Lone Star Funds is a private equity firm that invests globally in real estate, equity, credit and other financial assets. Lone Star Funds has organized 17 private equity funds with aggregate capital commitments totaling more than $70 billion since 1995.

Lone Star Real Estate Fund V, the previous fund in the series, was made up of Lone Star Real Estate Fund V (U.S.) and Lone Star Real Estate Fund V (Bermuda). It closed in April 2016 with $5.8 billion in combined capital commitments.

Other investors to make commitments to Fund VI include the $13 billion New Mexico Educational Retirement Board and th