Institution: Virginia Retirement System
Headquarters: Richmond, United States
Allocation to alternatives: 26.22%
Virginia Retirement System has agreed to commit $200 million to HPS Mezzanine Partners 2019, a contact at the pension informed Private Debt Investor.
This is the $82.30 billion US public pension’s second commitment to a 2019-vintage private debt fund, following a $150 million backing of KKR’s Real Estate Credit Opportunity Partners II fund in May 2019.
As illustrated below, VRS has made six commitments to private debt funds with a 2018 or 2019 vintage, which combined constitute $1.1 billion.
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