VRS confirms $300m in commitments

The US public pension has backed a pair of infra vehicles in its latest round of commitments.

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Institution: Virginia Retirement System
Headquarters: Richmond, United States
AUM: $76.9 billion
Allocation to alternatives: 28.8%

Virginia Retirement System approved $300 million-worth of infrastructure commitments at its June 2020 investment advisory committee meeting, a contact at the pension informed Infrastructure Investor.

The commitments comprised $150 million each to Taurus Mining Finance Fund II and Stonepeak Infrastructure Fund IV.

The $76.9 billion US public pension allocates around one quarter of its 14.5 percent real assets portfolio to infrastructure, energy and mining investments.

As illustrated below, VRS’s infrastructure fund commitments tend to focus on North American vehicles with a focus on the energy, utilities and transport sectors.

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