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FUNDRAISING NEWS | June 26, 2024

Virginia Retirement System Allocates $1.3B to Alts

Tags: Pension Funds, Real Estate, Real Assets, Private Credit, Private Equity

The Virginia Retirement System has approved seven allocations to alternatives totaling $1.3 billion, according to materials from the June 20th board meeting. 

In real estate, $150 million was committed to Pretium Single Family Rental Fund VI and $225 million to IPI Partners Fund III.

In private equity, $250 million was allocated to Veritas Capital Fund IX, $150 million to Monomoy Fund V, and $50 million to H.I.G. LBO VII. 

Within private credit, $250 million was allocated to Castlelake Asset-Based Private Credit III. And in real assets, $200 million to Resource Capital Mining Separate Account. 

As of June 12, 2024, the $113 billion pension fund allocates approximately 17% to private equity with a target of 16%, approximately 12.4% to real assets with a target of 14%, and 14.8% to credit strategies with a target of 14%.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace! New call-to-action

Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.

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