VRS commits $200m to private equity

The pension has backed an Asia Alternatives Management fund.

Institution: Virginia Retirement System
Headquarters: Richmond, United States
AUM: $81.6 billion
Allocation to alternatives: 24.8%

Virginia Retirement System has committed to a private equity fund from Asia Alternatives Management, according to October board meeting notes.

The pension invested $200 million in Virginia Asia Investors III, a fund that focuses on private equity firms operating across a diversified list of sectors in Asia-Pacific.

Private equity makes up 12.5 percent of the $81.6 billion pension’s investment portfolio. As illustrated below, Virginia Retirement System typically commits to funds that are North America-focused and invest in diverse sectors.

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