Institution: Virginia Retirement System
Headquarters: Richmond, US
AUM: $107.2 billion
Virginia Retirement System has confirmed $525 million in commitments across three private real estate funds, according to its February investment advisory committee meeting.
VRS’s current allocation to private real estate sits at 7.4 percent and as illustrated below, the US public pension’s recent real estate commitments have concentrated on diversified sector and strategy vehicles focused on North American investments.
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