Virginia Retirement Commits $150M to Private Credit; Terminates Two Managers

The Virginia Retirement System allocated $150 million to private credit, according to materials from the September 21st meeting. 

It was approved to commit $150 million to Orchard Global EleganTree III. 

Two manager terminations were also disclosed. The Schroders credit strategies mandate and Advent Global Convertibles account were terminated. The market value of the account terminations were approximately $140 million and $195 million respectively. 

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