The Maryland State Retirement & Pension System has included private equity firms Thoma Bravo, Apollo, Silver Lake in its latest $1.1 billion of investment commitments, according to a report by PE Insights.
The Maryland State Retirement & Pension System has included private equity firms Thoma Bravo, Apollo, Silver Lake in its latest $1.1 billion of investment commitments, according to a report by PE Insights.
The $64.6 billion pension fund has allocated $125 million to Thoma Bravo’s new software-focused private equity fund, which secured a $600 million commitment from CalPERS earlier this month, while Apollo’s Fund X, which has a target size of $25 billion, also secured a $125 million commitment, as did Silver Lake Partners VII, which is aiming to surpass the $20 billion raised for the firm’s Fund VI at the start of last year.
Additional allocations include $100 million commitments to Hg’s Saturn 3 buyout fund, which past its $8.5 billion target last month, and Bridgepoint’s Europe VII vehicle.
Hg’s mid-cap Genesis 10 fund meanwhile, received $90 million, Wind Point Partners X $80 million, and healthcare investor 1315 Capital’s Fund III $40 million.
Finally, Ares Management secured a $150 million commitment for its first fund targeting
