Prince George's County Pension Plan

Prince George's County Pension Plan

The Prince George's County Pension Plan was established in 2010 to manage defined benefit and supplemental benefit plans for the county's public safety and non-public safety employees. A Master Trust Agreement governs the fund, with County Executive Angela D. Alsobrooks serving as chairperson of the Board of Trustees. The plan's investment operations are run by Executive Director Andrea L. Rose, supported by a finance team that includes Director of Finance Linda V. Allen. The portfolio leans heavily into alternative assets alongside a real estate sleeve. Confirmed manager relationships include Artemis Real Estate Partners and GCM Grosvenor Real Assets, L.P. The plan also maintains dedicated real assets and hedge fund portfolios. Strategy tags indicate exposure across the capital structure: buyout, growth, venture capital from seed to late stage, venture debt, mezzanine, distressed debt, secondaries, special situations, and natural resources. The geographic focus is not publicly specified, though fund commitments point to domestic US exposure. The plan's board and staff participate in the National Conference on Public Employee Retirement Systems (NCPERS) for industry benchmarking and governance best practices. Total professionals dedicated to the investment function are not publicly broken out. The most recent verifiable operational event is not available due to thin public disclosures. The structural differentiator lies in the plan's asset-class reach for a county-level fund. Its strategy list spans early-stage venture and distressed debt — categories that require either deep internal specialist teams or a top-tier fund-of-funds and co-investment pipeline. The presence of venture debt and natural resources suggests a deliberate mandate to capture illiquidity premiums across market cycles, a posture uncommon among similarly sized municipal plans.