Anne Arundel County Retirement and Pension System, Annapolis, Md., approved two new private equity commitments totaling $50 million.
The $2.7 billion pension fund’s board approved commitments of $30 million to Warburg Pincus Global Growth 14, a private equity fund that invests in sustainable value companies, and $20 million to Apogem Private Equity Fund X, a private equity fund of funds managed by Apogem Capital, at its May 17 meeting, said Anne M. Budowski, the county’s personnel officer, in an email.
As of March 31, the pension fund’s actual allocation to private equity was 14.8%; the target is 12%.
Investment consultant NEPC assisted.
