Virginia Retirement System Commits $250M to ACORE Capital

Tags: Pension Funds, Alternative Insights, Real Estate, Private Credit

The Virginia Retirement System approved a $250 million investment in ACORE Credit Partners II, according to materials from the April 18th Board of Trustees meeting.

ACORE Credit Partners II is a closed-end fund credit strategy investing in newly-originated mortgages secured by transitional commercial real estate.

As of April 9, 2024, the $112 billion pension fund allocates approximately 14.3% 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!

Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.

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Virginia Retirement System Commits $250M to ACORE Capital

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