By Mario Marroquin
The Virginia Retirement System recently confirmed its
investments in credit strategies and real asset funds so far in 2022.
According to meeting materials from the June 23 Board of
Trustees meeting, VRS has allocated $450 million towards a Magnetar Capital credit
fund and $425 million across three real asset funds.
Meeting materials reveal VRS made the following commitments
between May 26 and June 1:
·
$200 million toward EIG River Energy Partners LP
·
$75 million toward True Green Capital Fund IV LP
·
$150 million toward iCON Infrastructure Partners
VI LP
VRS said the EIG River Energy and True Green Capital
commitments have a five-year funding period, while the iCON Infrastructure fund
has a six-year funding period.
Performance summary documents from VRS revealed that as of
April 30, the fund saw a 3.1% return on a fiscal year-to-date basis despite
negative returns in public equity strategies, fixed income and multi-asset
public strategies.
Total real asset return reached 16.9% while private equity
returns reached 15.1% on a fiscal year-to-date basis.
As of June 30, 2021, VRS held $104.5 billion in assets under
management.