Virginia Retirement System Discloses Private Credit & Infrastructure Investments

The Virginia Retirement System has disclosed investments of up to $250 million across two alternative investment funds.

$150 million was committed to direct lending fund, Sprott Structured Opportunities Fund I. Meeting materials from the November 30 board meeting describe the Sprott fund as a “fund providing loans to mind developers.”

$100 million was committed to infrastructure fund, Stonepeak Opportunities Fund, managed by Stonepeak Infrastructure Partners. The fund will invest in mid-market diversified infrastructure deals in North America and Europe.

In addition to the alternative investments, the $100.4 billion retirement system made a $750 million commitment to Rivanna, an internally managed active global equity strategy.

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