Virginia Retirement System, Richmond, disclosed a total of $325 million in commitments, according to materials for its Dec. 12 board of trustees meeting.
Within real assets, the $117 billion pension fund committed $125 million to Artemis Real Estate Partners Income and Growth Fund II, a real estate fund managed by Artemis Real Estate Partners, and $50 million to its separately managed account.
As of Dec. 4, the actual allocation to real assets was 12.4%; the target is 14%.
Within the exposure management portfolio, VRS committed $150 million to Pretium Homebuilder Finance Fund, a real estate fund managed by Pretium.
As of Dec. 4, the actual allocation to exposure management portfolio was 0.8%; the target is 0%.
