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Anne Arundel County approves $25m commitment

The US public pension has backed PIMCO's corporate and real estate-focused debt fund.

Institution: Anne Arundel County Retirement & Pension System
Headquarters: Annapolis, United States
AUM: $1.79bn
Allocation to alternatives: 14.20%
Bitesize: $10-50m

Anne Arundel County Retirement & Pension System has agreed to commit $25 million to PIMCO Private Income Fund, according to the pension’s August meeting minutes. The fund is targeting $1 billion in commitments.

The $1.79 billion US public pension has a 6.0 percent target allocation to real estate that currently stands at 6.80 percent.

As illustrated below, the County’s commitment to PIMCO Private Income Fund fund represents its first commitment to a real estate-focused fund since investing in Clarion Partners’ open-ended 2000-vintage Lion Properties Fund.

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