Institution: Virginia Retirement System
Headquarters: Richmond, US
AUM: $81.6 billion
Allocation to alternatives: 24.8%
Bain’s 13th buyout fund from its flagship series is in market targeting $9 billion in capital commitments.
The $81.6 billion US public pension has a 13 percent target allocation to private equity, which currently stands at 12.5 percent.
As illustrated below, VRS’s private equity fund commitments tend to target North American buyout funds.
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