Howard County Retirement Plans, Ellicott City, Md., committed $10 million to Linden Capital Partners V.
The joint committee for the Howard County Retirement Plan and the Howard County Police and Fire Employees' Retirement Plan approved the commitment to the buyout fund at its May 27 meeting, confirmed John K. Peterson, assistant chief administrative officer and acting human resources administrator.
As of May 31, the actual allocation to private equity was 13.1%; the target is 13%.
The two plans have a combined $1.4 billion in assets.
Investment consultant NEPC assisted.
