Virginia commits $349 million to private equity and real estate

Virginia Retirement System, Richmond, committed $349 million to two managers, investment officials announced at a board meeting Thursday.

In private equity, the pension fund committed $224 million to CVC Capital Partners VII, a European buyout fund.

In real assets, it committed $125 million to Carlyle Realty Partners VIII, a closed-end real estate fund managed by Carlyle Group.