Institution: Virginia Retirement System
Headquarters: Richmond, US
AUM: $101.8 billion
Allocation to alternatives: 22.4%
Virginia Retirement System confirmed $425 million-worth of commitments across two buyouts/corporate equity vehicles, according to its August 2021 investment advisory committee meeting minutes.
VRS has a 13 percent target allocation to private equity, which currently stands at 15.6 percent.
As illustrated below, the $101.8 billion US public pension’s recent private equity commitments have concentrated on diversified sector funds focused on either global or North American investments.
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