Institution: Anne Arundel Retirement & Pension System
Headquarters: Sacramento, United States
Allocation to alternatives: 14.2%
Anne Arundel Retirement & Pension System has approved a $20 million commitment to PA Small Co Private Equity Fund IX, according to its November 2019 Board meeting minutes. Private Advisors’ previous fund in the series held a final close at $420 million in June 2019.
The $1.79 billion Maryland-based public pension has an 11.0 percent target allocation to private equity that currently stands at 7.40 percent.
As illustrated below, Anne Arundel County has made four commitments to private equity funds with a 2018 or 2019 vintage, which combined constitute $100 million.
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