Virginia Retirement System, Richmond, committed $500 million to private equity and $200 million to real estate in recent weeks.
All the funding comes from cash, spokeswoman Jeanne Chenault said. The moves were announced at the board of trustees meeting Thursday.
In private equity, the $65.2 billion pension fund committed $300 million to buyout fund Hellman & Friedman Capital Partners VIII, and $200 million to NGP Natural Resources XI, a private equity fund managed by NGP Energy Capital Management.
Virginia also committed $200 million to LaSalle Investment Management’s LaSalle Virginia Industrial joint venture.