Virginia Retirement System, Richmond, disclosed two commitments totaling $300 million, according to materials for its Nov. 14 board of trustees meeting.
Within real assets, the $116.4 billion pension fund committed $200 million to QuadCP Fund II, a closed-end real estate fund managed by Quad Capital Partners.
As of Nov. 7, the actual allocation to real assets was 12.5%; the target is 14%.
Within private equity, VRS committed $100 million to HarbourVest Co-Investment Fund VII, a global direct co-investment fund managed by HarbourVest Partners.
As of Nov. 7, the actual allocation to private equity was 16.1%; the target is 16%.
