News & Analysis

VRS confirms $575m in commitments

The US public pension has backed a pair of private debt vehicles in its latest round of commitments.

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Institution: Virginia Retirement System
Headquarters: Richmond, US
AUM: $76.9 billion
Allocation to alternatives: 28.8%

Virginia Retirement System approved $575 million-worth of private debt commitments in July, a contact at the pension informed Private Debt Investor.

The commitments comprised $300 million to Oaktree Oppportunities Fund XI and $275 million to Prudential Capital Partners VI.

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