Virginia Retirement System Commits $200 Million to Private Credit

The Virginia Retirement System has approved a $200 million to private credit according to materials from the December 7 board meeting. 

$200 million was allocated to Ares Credit Secondaries, a closed-end fund investing in a diversified portfolio of secondary credit fund interests.

As of September 30, the $140 billion pension system allocates 14.2% to credit with a target of 14%.

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