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.

As illustrated below, the County’s recent private debt commitments have been focused on a variety of strategies. Three commitments have been made to funds focused on subordinated / mezzanine financing, one to a distressed fund, with the final commitment focusing on a fund of private debt funds.

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