Virginia Retirement System, Richmond, committed $100 million to Stonepeak Opportunities Fund.
The $98.9 billion pension fund completed the commitment to the closed-end North American middle-market infrastructure fund on Nov. 16, according to a new recap of investments and terminations posted on its website.
VRS has made multiple prior commitments to Stonepeak funds, most recently committing $150 million to Stonepeak Infrastructure Partners Fund IV in 2020.
As of Nov. 8, the pension fund's actual allocation to real assets was 15.5%; its target is 14%.
