Focus: Primary and direct deals focusing mostly on the domestic lower and middle market. Both generalist and specialist strategies will be considered
Definition: Infrastructure — Institutional Funds I, II, or III and manager AUM under $5 billion at the time of investment
Nat Resources — Institutional Funds I, II, or III and manager AUM under $2 billion at the time of investment

State Retirement Agency Direct Staff
Larry Katsafanas
terramaria@sra.state.md.us
410-625-5626

Program Partner
Barings
Dave LaBrie
Dave.LaBrie@barings.com
980-417-5846

The Maryland Terrapin Fund is an infrastructure investment fund focused on opportunities in the State of Maryland. For more information about the fund and partnership with Barings, please visit https://www.barings.com/en-us/guest/content/maryland-terrapin-fund. Please email Maryland based infrastructure investment proposals to MarylandOpportunities@barings.com for consideration for this fund.

*SRPS has committed $250 million exclusively for infrastructure and natural resources under the Terra Maria program, of which $50 million is dedicated to Maryland based investments. Emerging managers in other asset classes are funded based on their investment merits.