Institution: Virginia Retirement System
Headquarters: Richmond, US
AUM: $97 billion
Allocation to alternatives: 28.9%
Virginia Retirement System confirmed a €100 million commitment to Antin Infrastructure Partners’ latest infrastructure fund, according to minutes from the pension’s October board meeting.
Antin Infrastructure Partners V is currently in market and seeking €10 billion in commitments. Between the fund’s June 2022 launch and first close in October 2022, €5 billion has been raised. Like its predecessor, fund V will invest in the telecoms, energy, transport and social infrastructure sectors. Antin will focus on North America and Europe opportunities, seeking value-add returns.
VRS’s infrastructure offering is housed within its real assets portfolio, which stands at 16 percent or $15.6 billion. The pension typically invests into North America with core or value-add returns, as illustrated below.
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