Virginia Retirement System Terminates One Manager, Commits to Two Others
CIO Ronald Schmitz also expects private equity returns
to be a bit stronger than hoped.
CIO Ronald Schmitz also expects private equity returns
to be a bit stronger than hoped.
System backs CoinFund Ventures among four commitments done
over the summer.
With investment firms seeking to attract
trillions from smaller investors, large allocators could have co-investment
opportunities, fee cuts reduced.
Blackstone, KKR, TPG, Apollo, Ares, Brookfield, EQT and Carlyle have
more than $700 billion of dry powder.
System also commits over $5 billion of capital to
managers.
Apollo will own a minority stake in life science VC firm.