The Maryland State Retirement and Pension System’s Investment Division has been honored for its DEI accomplishments.

Andrew Palmer, Chief Investment Officer for the Maryland State Retirement and Pension System, has been included in the Diversity, Equity and Inclusive Capitalism Power100 List by Blueprint Capital Advisors LLC. According to the announcement of his inclusion, “The DEIC Power100 is a first-of-its-kind list and awards that will recognize individuals and firms in alternative asset management that are delivering exemplary investment results, demonstrating industry leadership and contributing positively to closing gender, wealth, health, education, and other social and economic equity gaps that provide alpha opportunities while simultaneously moving the industry in the direction of inclusive capitalism.

“The Maryland State Retirement and Pension System developed its emerging manager program in 2007. The following year, the System enhanced and rebranded the program, Terra Maria. The program was implemented with a focus on investment performance. It is one of the largest commitments to diverse managers among the nation’s largest pension plans. To date, the System has committed $1.63 billion to developing private equity managers that are minority- and women-owned. At the end of fiscal year 2023, $8.5 billion, or 13.1 percent of the System’s total assets, were managed by minority- and women-owned firms. The fund partners with Attucks Asset Management, Xponance and Hamilton Lane to execute the program’s investments. The system and its staff have received several honors for their commitment and pioneering work with diverse managers.”

For more on the DEIC Power100, click here.

Additional Recognition

• Andrew Palmer, Maryland State Retirement and Pension System Chief Investment Officer, named Honorary Co-Chair of the National Association of Investment Companies’ 2nd Annual Midsummer VIP Reception (2023)
• Institutional Investor Global List of Top 50 Women in Investment Management (2022)
• Trusted Insight Top Public Pension Investors Directors (2022)
• Private Equity Women Investor Network Member of the Year (2022). This award highlighted the Investment Division’s work in transforming the private equity industry with a focus on diversity, equity and inclusion.