Anne Arundel County Retirement and Pension System, Annapolis, Md., committed $20 million to Private Advisors Small Company Private Equity Fund IX.
The $1.9 billion pension fund's board approved the commitment to the buyout fund of funds at its Nov. 19 meeting, said Jim Beauchamp, board member and county budget officer, in an email.
The pension fund previously committed $15 million to Private Advisors Small Company Private Equity Fund VI.
As of Dec. 31, 2018, the pension fund's actual allocation to private markets was 7.4%, according to its most recent comprehensive financial annual report.
