Institution: Virginia Retirement System
Headquarters: Richmond, US
AUM: $103.2 billion
Virginia Retirement System approved a $150 million commitment to a private real estate fund managed by Crow Holdings Capital at its October investment advisory committee meeting.
The pension is investing in Crow Holdings Realty Partners IX, a vehicle that targets value-add opportunities across multiple sectors in North America.
VRS has a 14 percent target allocation for real assets, which includes a 7.1 percent allocation as of October.
As illustrated below, the $103.2 billion US public pension’s recent real estate commitments have concentrated on North American vehicles across a variety of strategies and sectors.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments