Virginia Retirement System confirms $425m in commitments

The US public pension has backed two buyouts/corporate equity vehicles.

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.

The commitments comprised of $250 million to Hellman and Friedman X and $175 million to Quad-C X.

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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