The $100 billion Virginia Retirement System continues to build its alternatives exposure with a recent addition of four funds with a combined $875 million in fresh commitments.
In credit, officials selected Magnetar Diversified Credit fund for a $450 million mandate. The fund is slated to invest opportunistically across credit markets with a focus on private credit investments.
Three real asset managers were selected in recent weeks. Hired were: EIG River Energy Partners ($200 million); True Green Capital Fund IV ($75 million); and iCON Infrastructure Partners VI ($150 million).
EIG River Energy Partners is . . .
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