Virginia Retirement System makes $100m commitment

The US public pension has decided to support a technology focused Fund.

Virginia Retirement System has approved the feedback from the Advisory Council to commit $100 million to Vista Equity Partners Fund VII, a mega buyout fund with a focus on enterprise software, data and technology-enabled solutions companies.

The $78.6 billion US public pension has a 12 percent target allocation to private equity that currently stands at 10 percent.

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