VRS confirms $675m in commitments

US public pension Virginia Retirement System has backed two private equity vehicles.

Institution: Virginia Retirement System
Headquarters: Richmond, US
AUM: $107.2 billion

Virginia Retirement System has confirmed a $675 million in commitments across two private equity funds, according to its February investment advisory committee meeting.

The pension committed $350 million to HPS Strategic Investment Partners V and $325 million to Ares SSG Capital Partners VI.

VRS’s current allocation to private equity sits at 17.2 percent, above its 14 percent target allocation. As illustrated below, the US public pension’s recent private equity commitments have concentrated on diversified sector funds focused on either global or North American investments.

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