Virginia Retirement Commits $300M to Real Assets, Venture Capital

The Virginia Retirement System approved two commitments to venture capital and real assets totaling $300 million, according to materials from the April 10th Investment Advisory Committee meeting. 

In real assets, $200 million was committed to Stonepeak Infrastructure Fund V.

And in venture capital, $100 million was committed to USEF Sailfish Venture, a preferred equity investment in U.S. real estate. 

As of April 3, 2024, the $111.5 billion pension fund allocates approximately 12.7% to real assets with a target of 14%.

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