Virginia Retirement System Commits $250M to ACORE Capital

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%.

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