Investors - MAY 19, 2022

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Maryland State Retirement and Pension System puts $600m in Clarion, Abacus funds

by Kali Persall

The Maryland State Retirement and Pension System (MSRPS) has committed $600 million to two real estate funds. A $500 million investment was made in the open-end Clarion Lion Properties Fund, and $100 million was put into Abacus Multi-Family Partners VI.

The core-plus Clarion Lion Industrial Trust seeks to own, develop, manage and strategically sell industrial warehouse properties and land in 25 U.S. markets. As of July 2021, the vehicle had secured more than $9 billion of equity commitments.

Abacus Multi-Family Partners VI is a value-add fund recently launched by Abacus Capital Group with a $1.25 billion fundraising target. The vehicle invests in multifamily properties throughout the United States and will acquire properties with specific characteristics, such as relative affordability in markets and submarkets showing favorable multifamily trends. A recent

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