Institution: Virginia Retirement System
Headquarters: Richmond, US
AUM: $85.10 billion
Allocation to alternatives: 24.2%
Digital Colony, Colony Capital’s digital infrastructure arm, is in market with its second fund targeting $6 billion in equity capital. The vehicle’s predecessor held a final close in June 2019 at $4.05 billion.
VRS’s infrastructure portfolio is housed within its other real assets asset class, which makes up 4.1 percent of the pension’s full portfolio offering.
As illustrated below, VRS’s recent infrastructure commitments have tended to target global vehicles focused on investments in a variety of sectors including telecoms, transport, energy and utilities.
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