Virginia adds more than $1.5bn across credit, PE and real assets

The $82 billion Virginia Retirement System has had a busy autumn, with allocations to European middle-market credit, U.S. real estate and Asia private equity.

The pension system allocated over $1.5 billion across four distinct alternative investment funds. The overall investment portfolio includes allocations of $11.3 billion to credit strategies, $11.2 billion to real assets, $10 billion to private equity.

Within the credit program, the largest allocations were made at the end of September. A $300 million commitment to the Ares Capital Europe V fund, offered exposure to flexible and scaled . . .

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