Howard County Retirement Plans, Ellicott City, Md., committed $7 million to Greenspring Opportunities VI.
The joint retirement plan committee for the two retirement plans approved the commitment to the venture capital fund managed by Greenspring Associates at its Oct. 24 meeting, recently released minutes show.
As of Oct. 31, the plans' actual allocation to private equity was 13.2%; the target is 10%.
The Howard County Retirement Plan and the Howard County Police and Fire Employees' Retirement Plan have a combined $1.1 billion in assets.
Terry Reider, retirement coordinator, referred questions to county spokesman Mark Miller, who referred questions to the minutes.