Anne Arundel County Retirement and Pension System, Annapolis, Md., made two new commitments totaling $60 million at its Nov. 17 board meeting.
The $1.9 billion pension fund's board approved commitments of $30 million each to PIMCO Corporate Opportunities Fund III, a corporate distressed credit fund managed by Pacific Investment Management Co., and buyout fund of funds Private Advisors Small Company Co-Investment Fund II, recently released meeting minutes show.
The pension fund had committed $20 million to Private Advisors Small Company Private Equity Fund IX in November 2019, and it committed $25 million to PIMCO Private Income Fund in August 2019.
The pension fund's target allocation to private markets is 12%.
Investment consultant NEPC assisted.
Officials at the system could not be immediately reached for further information.