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Anne Arundel County Retirement and Pension System
The Anne Arundel County Retirement and Pension System was established in 1997. It operates four single-employer defined benefit plans. Christine Anderson...
Anne Arundel County Retirement and Pension System
The Anne Arundel County Retirement and Pension System was established in 1997. It operates four single-employer defined benefit plans. Christine Anderson serves as chair alongside county officials including Steuart Pittman. The system allocates to private equity, real estate, and fixed income. Confirmed holdings include commitments to Audax Private Equity Solutions Fund, HarbourVest Dover Street XI, Clarion Partners Lion Properties Fund, and PIMCO Private Income Fund. Geographic exposure centers on the United States with additional positions in global secondaries and emerging markets equity. Assets total $2.5 billion. The system works with NEPC as investment advisor since 2010 and Northern Trust as master custodian since 2024. February 2025 board meetings addressed pacing plans and private equity commitments. Governance ties directly to Anne Arundel County elected leadership and staff, with the Board of Trustees drawn from county executives and department heads rather than external investment professionals.
General information
Firm type
Pension Fund
Year founded
1997
Location
Region
North America
Country
United States
City
Annapolis
Corporate office
2660 Riva Road First Floor, Annapolis, MD 21401, United States
Principals
Steuart Pittman
County Executive
Altss tracks 2 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at Anne Arundel County Retirement and Pension System?
Christine Anderson chairs the Board of Trustees. Billie Penley serves on the Investment Committee as Controller. NEPC provides external investment advisory support.
Does Anne Arundel County Retirement and Pension System participate in fund commitments or only direct deals?
The system acts as a limited partner in private equity funds, secondaries vehicles, and real estate funds. Holdings include Audax Private Equity Solutions Fund and HarbourVest Dover Street XI.
What investment stages does Anne Arundel County Retirement and Pension System typically target?
Allocations span buyout, secondaries, growth equity, and venture strategies through fund commitments. Ticket sizes range from $10 million to $50 million.
Where does the underlying wealth come from?
Assets derive from county employee and employer contributions to four defined benefit pension plans established in 1997.
How is Anne Arundel County Retirement and Pension System related to county government?
The Board of Trustees consists of county officials including the County Executive and department heads. Investment policy and oversight remain integrated with county administration.
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