Institution: Virginia Retirement System
Headquarters: Richmond, United States
Allocation to alternatives: 26.22%
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.
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