Searches and Hires

Anne Arundel County commits $25 million to Lexington Capital Partners IX

Anne Arundel County Retirement and Pension System, Annapolis, Md., committed $25 million to Lexington Capital Partners IX, a secondary private equity fund of funds managed by Lexington Partners.

The $1.9 billion pension fund previously committed $15 million to Lexington Capital Partners VIII in 2014.

As of Dec. 31, the fund's actual allocation to private markets was 6.1%.

Pension fund officials could not be immediately reached to provide further information.