Virginia Retirement System, Richmond, disclosed a $250 million commitment to ACORE Credit Partners II, a real estate fund managed by ACORE Capital, on April 18.
The commitment, within VRS' credit strategies asset class, was made April 5, according to the $111.5 billion billion pension fund’s new investments and terminations recap.
As of April 3, the actual allocation to credit strategies was 14.4%; the target is 14%.
