---
title: Howard County Master Trust Commits $35M to Alts
description: Howard County Master Trust Commits $35M to Alts
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---

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# Howard County Master Trust Commits $35M to Alts

**Written by: ** Helen Bascom, Marketing Associate 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/Long%20exposure%20of%20the%20Waterfront%20Promenade%20and%20the%20National%20Aquarium%20in%20Baltimore%2c%20Maryland_-2.jpeg)

The Howard County Master Trust disclosed two recent commitments, totaling $35 million, to alternatives, according to minutes from the October 18th Board meeting.

Within private credit, $20 million was committed to Orchard Global EleganTree Opportunities Fund III.

In private equity, $15 million was committed to Cortec Group Fund VIII. 

General consultant, NEPC, assisted with the decision. 

As of September 30, 2023, the $1.3 billion pension fund allocates approximately 14.4% to private equity with a target of 13%. And approximately 2.1% is allocated to private credit with a target of 5%.

*For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a *[free trial](https://www.dakota.com/free-trial)* of Dakota Marketplace!*

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 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity), [Private Credit](https://dakotafunds.com/dakota-funds/tag/private-credit)

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