Featured

Virginia Retirement System commits $475m to private equity funds

The US public pension fund has backed two private equity funds with a focus on North America and Western Europe.

-

Institution: Virginia Retirement System
Headquarters: Richmond, United States
AUM: $78.60bn
Allocation to alternatives: 36.95%

The Virginia Retirement System (VRS) approved a commitment of $350 million to Hellman & Friedman Capital Partners IX and $125 million to Thoma Bravo Fund XIII. Thoma Bravo Fund XIII targets investments in North America and the Hellman & Friedman Capital Partners IX targets investments in North America and Europe.

The $78.6 billion US public pension fund has a 12 percent target allocation to private equity that currently stands at 10 percent. The chart below illustrates how VRS allocates its assets to alternatives.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.