Virginia Retirement System approves $250m in commitments

The US public pension has backed two closed-end infrastructure funds.

Institution: Virginia Retirement System
Headquarters: Richmond, United States
AUM: $80.20bn
Allocation to alternatives: 25.26%

Virginia Retirement System (VRS) agreed to commit $250 million to two infrastructure funds in its January board meeting, a contact at the pension informed Infrastructure Investor. The two commitments comprised of $200 million to Global Infrastructure Partners IV and $50 million to EIG Energy Fund XVII.

The $80.2 billion US public pension has a 2.92 percent allocation to infrastructure.

As illustrated in the charts below, VRS made eight commitments to infrastructure funds in 2017 and 2018, with these commitments totalling $855.4 million. The majority of these funds are focused on North American unlisted equity, with other popular geographies including Asia-Pacific and Western Europe.

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