Virginia Retirement commits $375m to RE

Virginia makes new commitments to two real estate funds.

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Name: Virginia Retirement System
Headquarters: Richmond, US
AUM: $102.5 billion
Allocation to real estate: 9.1%

Virginia Retirement System has confirmed two real estate commitments worth $375 million in its latest investment advisory committee meeting.

$125 million has been committed to Penwood Select Industrial Partners VII and another commitment of $250 million to Oak Street Real Estate Capital VI.

Virginia Retirement System current allocation to real estate sits at 9.1 percent of the pension’s $102.5 billion investment portfolio.

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