Anne Arundel County approves $25m commitment

The US public pension has backed PIMCO's corporate and real estate-focused debt fund.

Institution: Anne Arundel County Retirement & Pension System
Headquarters: Annapolis, United States
AUM: $1.79bn
Allocation to alternatives: 14.20%
Bitesize: $10-50m

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.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.