Institution: Anne Arundel County Retirement & Pension System
Headquarters: Annapolis, United States
Allocation to alternatives: 14.20%
Anne Arundel County Retirement & Pension System has agreed to commit $25 million to PIMCO Private Income Fund, according to the pension’s August meeting minutes. The fund is targeting $1 billion in commitments.
The $1.79 billion US public pension has a 7.40 percent target allocation to private equity that currently stands at 11.0 percent. The pension also increased its target allocation to private equity from 10.0 to 11.0 percent at its August meeting.
As illustrated below, Anne Arundel County has made three commitments to private equity funds with a 2018 vintage, which combined constitute $80 million.
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