Virginia Retirement System, Richmond, committed $75 million to LS Power Equity Partners IV, an energy private equity fund managed by LS Power Equity Advisors.
The commitment was disclosed at an investment advisory committee meeting earlier this month.
As of Dec. 31, the $78.3 billion pension fund had 42.4% of its portfolio in public equity, 16.9% in credit strategies, 16.2% fixed income, 12.6% real assets, 9.1% private equity and 2.7% its strategic opportunities portfolio, which includes infrastructure.
