Maryland State Pension and Retirement System is preparing to vote on a new strategic asset allocation plan that would increase it's target for private equity.

The pension fund's board, will vote to select one of three proposed asset allocation shifts that will aim to reduce the disparity between it's target and it's actual allocation.

All proposals aim to raise the pensions fund's exposure to private debt, as well, while reducing allocations to international markets and absolute return assets.

During the March 27th investment committee meeting, Meketa, Maryland's investment advisor, noted that the changes were part of a move to reduce the pensions fund's exposure to the growing risk of emerging markets, while aiming to increase returns through private markets.

Source