Virginia Retirement System approves $50m commitment

The US public pension has backed a North American energy fund.

Institution: Virginia Retirement System
Headquarters: Richmond, United States
AUM: $80.40bn
Allocation to alternatives: 26.20%
Bitesize: $50-100m

Virginia Retirement System has agreed to commit $50 million to Scout Energy Partners V, a a contact at the pension informed Infrastructure Investor. Virginia is a repeat investor with Scout Energy Partners, having also committed $75 million to Fund IV in August 2018.

The $80.40 billion US public pension has a 2.99 percent current allocation to infrastructure.

As illustrated in the charts below, this is Virginia Retirement System’s first commitment to a 2019-vintage infrastructure fund. The pension has previously committed to three infrastructure funds with a 2018 vintage, which combined constitute $400 million.

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