Virginia Retirement System, Richmond, committed $275 million to two funds.
The $77 billion pension fund committed $200 million to Sycamore Partners III, a buyout fund focused on consumer and retail investments, and $75 million to Scout Energy Partners IV, a U.S.-focused energy fund.
VRS spokeswoman Jeanne Chenault said that the commitments came from cash. The pension fund invested in the previous Sycamore Partners fund.
