Products
Data Sets
Integrations
Services
FUNDRAISING NEWS | February 06, 2025
The Virginia Retirement System made $1.5B in total commitments to eight funds in private equity, private credit, real assets, and absolute return, while liquidating two investments from its portfolio.
According to materials from its February 6 board meeting, the pension allocated $200M to Peak Rock Capital IV, $100M to PetroCap Partners Fund IV, and $75M to GTCR Strategic Growth Fund II in private equity. In private credit, Virginia committed $250M to Neuberger Berman Insurance Linked Strategies Fund and $200M to Audax Direct Lending Solutions III. The pension additionally allocated $200M to Taurus Mining Royalty Fund and $150M to Silver Creek Aggregate Reserves Fund I under its real assets program, while also investing in absolute return fund Brevan Howard Opportunistic Program with a $400M allocation.
Alongside its recent commitments, Virginia Retirement terminated its investments in the Nitorum Fund and the Orchard Liquid Credit Fund. At the time of termination, the Nitorum Fund investment was valued at $87M, while the Orchard opportunistic credit strategy was valued at $150M.
Per the latest Dakota data, the state pension administers a total portfolio of approximately $117.2B in plan assets.
Written By: Dakota
Virginia Retirement Commits $1.5B to Alts, Ends Nitorum, Orchard Investments
February 06, 2025
LACERS Makes $395.1M in Alts Investments, Reviews Q3 2024 Performance
January 17, 2025
Sacramento County Commits $190M to Alts, Considers $950M for 2025 Investments
November 19, 2024
Orange County ERS Commits $1.8B to Alts, Announces 2025 PE Pacing Plan
October 10, 2024
925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481
© Dakota 2025 | Terms of Use | Privacy Policy
