Name: Virginia Retirement System
Headquarters: Richmond, US
AUM: $102.5 billion
Allocation to Private debt: 13.8%
Virginia Retirement System has confirmed $550 million-worth of commitments to private debt funds during its April Investment Advisory Committee meeting.
The pension has committed $250 million to Ares Pathfinder II, $150 million to Ares Capital Europe VI and a further $150 million to Oaktree Opportunities Fund XII.
VRS has a current private debt allocation of 13.8 percent of the pension’s $102.5 billion investment portfolio.
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