Institution: Virginia Retirement System
Headquarters: Richmond, United States
AUM: $82.30bn
Allocation to alternatives: 26.22%
Bitesize: $100-200m
Virginia Retirement System has agreed to commit €75 million ($84 million) to Europa Fund VI, a contact at the pension informed PERE. The pan-European vehicle will invest in value-add office and residential property.
The $82.30 billion US public pension has an 8.26 percent allocation to real estate.
As illustrated below, VRS has made six commitments to real estate funds with a 2018 or 2019 vintage, which combined constitute $686 million.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.