VRS approves $200m commitment

The US public pension has backed a North American private equity.

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.

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