The Maryland State Retirement and Pension System (MSRPS) has committed $150 million to Tiverton AgriFinance III.
Managed by Raleigh, N.C.-based Tiverton Advisors, Tiverton AgriFinance III will make investments in the agriculture industry through direct lending to FP&I operators.
At the time of this article’s publication, a fundraising target for Tiverton AgriFinance III was not known. This is MSRPS’s first investment with Tiverton Advisors.
As of Sept. 30, MSRPS had 10.8 percent ($6.85 billion) of its portfolio allocated to real estate, 3.9 percent ($2.5 billion) of its portfolio allocated to natural resources and infrastructure, and 9.3 percent ($5.9 billion) of its portfolio allocated to credit and debt.
Altogether, as of Sept. 30, MSRPS had $63.27 billion of assets under management.
For more information about this commitment or other funds, please visit our IREI.Q database.
