Thoma Bravo, Apollo, Silver Lake megafunds among $1.1bn of new Maryland pension commitments


The $64.6bn-managing Maryland State Retirement & Pension System has picked a trio of major private equity fundraises among its latest $1.1bn of commitments.

Thoma Bravo’s mammoth new software-focused private equity fund picked up $125m from the LP, to follow a $600m commitment from CalPERS earlier this month.

The firm had reportedly picked up north of $20bn for Fund XV back in May, already well above the $17.8bn it gathered for Fund XIV in 2020.

Apollo’s $25bn-targeting Fund X also received a $125m commitment, board documents from the LP show, as did Silver Lake Partners VII, which is aiming to outdo the $20bn the firm gathered for Fund VI at the start of last year.

Hg’s Saturn 3 buyout fund, which breezed past its $8.5bn target last month, picked up a $100m commitment, as did Bridgepoint’s Europe VII vehicle.

Hg’s mid-cap Genesis 10 fund received $90m from the LP, Wind Point Partners X $80m and healthcare investor 1315 Capital’s Fund III $40m.

Ares Management’s debut fund targeting sports leagues, teams and sport-related franchises, media and entertainement, which currently stands at about $2.2bn, picked up a $150m commitment from Maryland.

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