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