Virginia Retirement System, Richmond, committed $285 million to private equity, along with $150 million to real estate, according to an announcement at a board of trustees meeting Thursday.
In private equity, the $76 billion pension fund committed $200 million to GTCR Fund XII, a buyout fund that focuses on middle-market buyout investments in high-growth companies in North America, and $85 million to Spectrum Equity Investors VIII, a growth equity fund that makes control and minority investments in information services, software and Internet companies.
In real assets, Virginia committed $150 million to Blackstone Real Estate Partners Asia II managed by Blackstone Group.
All commitments were made in September. Spokeswoman Jeanne Chenault said all were funded from cash.