Virginia Retirement System, Richmond, disclosed new credit strategies and real assets commitments totaling $875 million.
Within its credit strategies asset class, the $102.7 billion pension fund committed $450 million to Magnetar Diversified Credit, an opportunistic credit fund managed by Magnetar Capital.
As of April 30, the actual allocation to credit strategies was 14.2%; the target is 14%.
Within its real assets asset class, the pension fund committed $200 million to EIG River Energy Partners, a natural resources fund managed by EIG Partners, $150 million to North American middle-market infrastructure fund iCON Infrastructure Partners VI and $75 million to True Green Capital Fund IV, a renewable infrastructure fund managed by True Green Capital Management.
As of April 30, the actual allocation to real assets was 14.1%; the target is 14%.
The pension fund disclosed the transactions, which went into effect between April 19 and June 23, in materials for its June 23 board meeting.
