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MCERS-MD (Montgomery County Plan) → MCERS Commingled Bond Funds Portfolio

Field-by-field provenance and archived filing evidence for one of the 5 open public preview records on MCERS-MD (Montgomery County Plan)’s profile — accessible without registration.

Institutional Allocator

MCERS-MD (Montgomery County Plan)

Public Pension Plan · Hub: Mid-Atlantic / DC Metro

Reported Holding / Fair Value

$1.35B

Reported holding / fair value (not original commitment) · As of June 2025

$1,352,020,000 USD (raw: 1352.02)

Strategy & Vintage

Private Credit

2025 Vintage

Cited Archive Anchor

pdf_archive/Montgomery_County_MCERS/MCERS_MD_FY2025_ACFR.pdf#page=91

PDF p.91/266 · Printed p.91

Page Anchor Mismatch · Not Yet Page-Verified

Open Cited Filing (assets.montgomerycountymd.gov) Single-Page Excerpt (PDF p.91) Full-Res Image (PDF p.91)

Provenance & Entity Scope Notice

Page Anchor Mismatch — Fund Row Not Located on Cited PDF Page

The cited financial schedule for MCERS-MD (Montgomery County Plan) reports period-end portfolio fair market value / carrying value or invested cost ($1.35B) rather than original commitment check size. This figure is classified as Reported holding / fair value (not original commitment) (not an original commitment ticket) so GPs do not mistake current holding value for initial fund commitment size.

Field-Level Provenance & Substantiation Breakdown

Each claim is evaluated independently against the cited table’s headers and units. Different fields on a single record may originate from distinct schedules.

Entity Type: Legal Fund Vehicle · As-of 2025-06-30

Record Field	Recorded Value	Value Type	Substantiation Status	Field-Specific Source Citation & Audit Note
Fund / Legal Vehicle	MCERS Commingled Bond Funds Portfolio	Reported	Page Anchor Mismatch	pdf_archive/Montgomery_County_MCERS/MCERS_MD_FY2025_ACFR.pdf (PDF Page 91 of 266 · Printed Page 91) Fund name was NOT found on cited PDF Page 91 (Printed Page 91) of 'pdf_archive/Montgomery_County_MCERS/MCERS_MD_FY2025_ACFR.pdf'. Citation likely anchors a cover/summary page rather than the exact holdings schedule page.
Disclosed Holding / Fair Market Value	$1.35B (raw: 1352.02)	Reported	Holding / Fair Value (Not Commitment)	pdf_archive/Montgomery_County_MCERS/MCERS_MD_FY2025_ACFR.pdf (PDF Page 91 of 266 · Printed Page 91) Substantiated on cited holdings schedule (exact_or_unspecified, USD) reporting portfolio fair market / carrying value rather than the allocator's original commitment check size.
Fund Vintage Year	2025	Reported	Not Yet Page-Verified	pdf_archive/Montgomery_County_MCERS/MCERS_MD_FY2025_ACFR.pdf (PDF Page 91 of 266 · Printed Page 91) Retained from allocator disclosure / fund vintage registry without substituting filing year.
Net IRR	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed Net IRR is not disclosed for this record (never defaulted to 0 or 1.00x).
TVPI / Net Multiple	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed TVPI / Net Multiple is not disclosed for this record (never defaulted to 0 or 1.00x).
DPI (Realized Multiple)	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed DPI (Realized Multiple) is not disclosed for this record (never defaulted to 0 or 1.00x).

Archived Filing Excerpt — PDF Page 91 of 266 (Printed Page 91)

Table Class: Nav Or Fair Value Holdings

Archived file MCERS_MD_FY2025_ACFR.pdf · Detected Table Title: Montgomery County Maryland · Table Units: exact_or_unspecified (USD). Full horizontal row highlighting retains surrounding headers, units, and footnotes.

Download Single-Page PDF

Detected Table Columns: Fair Value / NAV

Row Match Notice: Target fund name was not matched on this cited PDF page index.

Archived File Integrity Checksum (SHA-256): 49289417e6fcf69c…ea78b54d7262 — SHA-256 is a file-byte integrity check confirming the archived file has not changed since retrieval. It does NOT prove factual or extraction accuracy.

Archived filing excerpt from MCERS_MD_FY2025_ACFR.pdf, PDF viewer page 91 (printed page 91), highlighting row for MCERS Commingled Bond Funds Portfolio

All 5 Open Public Source Trails for MCERS-MD (Montgomery County Plan)

Click any preview record below to inspect its primary source trail without registration

Open Trail #1 of 5 CAFR / Board Packet · PDF p.91

TPG Angelo Gordon Credit Solutions Fund V

Private Credit · 2024 $2.8M

Open Trail #2 of 5 CAFR / Board Packet · PDF p.91

MCERS Commingled Bond Funds Portfolio

Private Credit · 2025 $1.35B (Holding)

Open Trail #3 of 5 CAFR / Board Packet · PDF p.91

MCERS Private Equity & Debt Portfolio (118 Partnerships)

Buyout · 2025 $1.21B (Holding)

Open Trail #4 of 5 CAFR / Board Packet · PDF p.91

MCERS Commingled Equity Funds Portfolio

Multi-Strategy · 2025 $598.5M (Holding)

Open Trail #5 of 5 CAFR / Board Packet · PDF p.91

MCERS Private Real Assets Portfolio (58 Partnerships)

Real Estate · 2025 $550.8M (Holding)

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