Institution: Virginia Retirement System
Headquarters: Richmond, United States
AUM: $78.60bn
Allocation to alternatives: 36.95%
Virginia Retirement System (VRS) has agreed to commit $200 million to TSG8, Jeanne Chenault, Public Relation Director, confirmed in an email. The buyout fund is managed by TSG Consumer Partners.
The $78.60 billion US public pension has a 12.0 percent target allocation to private equity that currently stands at 10.0 percent.
VRS has made tvelve commitments to funds on private equity with a 2018 vintage, which combined constitute $1.85 billion.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.
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