FUNDRAISING NEWS | April 17, 2023
The Virginia Retirement System has committed approximately $1.6 billion in 7 new commitments, according to meeting materials from the April 12 board meeting.
$125 million was committed to Penwood Select Industrial Partners VII, a value-add fund managed by Penwood Real Estate Investment Management. $350 million was committed to Pantheon Infrastructure III, a infrastructure fund managed by Pantheon Ventures. $300 million was committed to the private equity fund, Hellman & Friedman XI, managed by Hellman & Friedman.
Within private credit, $400 million was committed to two funds managed by Ares Capital Management; $150 million was committed to Ares Capital Europe VI, and $250 was committed to Ares Pathfinder II Fund. In addition, $150 million was allocated to Oaktree Opportunities Fund XII. Lastly, $250 million was allocated to Oak Street Real Estate Capital VI.
As of December 31, 2022, the retirement system was valued at approximately $100.3 billion.
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: John Washington, Data Research Analyst
John Washington is the Data Research Analyst at Dakota.
April 20, 2023
April 10, 2023
March 20, 2023
925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481
© Dakota 2024 | Privacy Policy | California Privacy Policy