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 $76.9 billion US public pension invests in private debt via its credit strategies portfolio.
As illustrated below, VRS’s private debt commitments tend to target corporate senior debt vehicles.
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