VRS confirms $675m in commitments

Institution: Virginia Retirement System
Headquarters: Richmond, US
AUM: $107.2 billion

Virginia Retirement System has confirmed a $675 million in commitments across two private debt funds, according to its February investment advisory committee meeting.

The pension committed $350 million to HPS Strategic Investment Partners V and $325 million to Ares SSG Capital Partners VI.

VRS’s current allocation to credit strategies sits at 14.2 percent. As illustrated below, the US public pension’s recent private debt commitments have concentrated on corporate sector funds that are focused on either global or North American investments.

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