---
title: Virginia Retirement Commits $865M to Alts; Terminates 2 Strategies
description: Virginia Retirement Commits $865M to Alts; Terminates 2 Strategies
---

[Dakota Funds ](https://dakotafunds.com/dakota-funds)

# [Virginia Retirement Commits $865M to Alts; Terminates 2 Strategies](https://dakotafunds.com/dakota-funds/fundraising-news/virginia-retirement-commits-865m-to-alts-terminates-2-strategies)

 Written by [Helen Bascom, Marketing Associate](https://dakotafunds.com/dakota-funds/author/helen-bascom-marketing-associate) | November 27, 2023

The Virginia Retirement System disclosed five recent commitments to alternatives totaling $865 million, according to materials from the November Investment Advisory Committee (IAC) Meeting.

In real estate, $125 million was allocated to the Meadow Real Estate Fund VI and $50 million to Realterm Logistics Income Fund.

Within private equity, $250 million was allocated to Whitehorse Liquidity Partners VI.

In private credit, $240 million was allocated to Park Square Capital Partners V. And $200 million was committed to the Saba Arcadia Fund, a multi-asset hedge fund managed by Saba Capital.

Additionally, the IAC terminated the Schroders mandate investing in securitized and direct real estate debt investments with a redemption amount of $140 million. The Advent Global Convertibles account was also terminated with a redemption amount of $195 million. 

As of September 30, 2023, the $105 billion pension fund has allocated 18.8% of their holdings to private equity with a target allocation of 16%. Approximately 13.6% of their holdings have been allocated to real assets, with a target allocation of 14%. And approximately 14.2% of their holdings have been allocated to credit strategies with a target of 14%.

*For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a *[free trial](https://www.dakota.com/free-trial)* of Dakota Marketplace!*

[View full post](https://dakotafunds.com/dakota-funds/fundraising-news/virginia-retirement-commits-865m-to-alts-terminates-2-strategies)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Helen Bascom, Marketing Associate"
  },
  "dateModified" : "2024-04-04T20:27:28.933Z",
  "datePublished" : "2023-11-27T05:00:00Z",
  "headline" : "Virginia Retirement Commits $865M to Alts; Terminates 2 Strategies",
  "image" : {
    "@type" : "ImageObject",
    "height" : 3024,
    "url" : "https://22672301.fs1.hubspotusercontent-na1.net/hubfs/22672301/Imported_Blog_Media/stephen-poore-gpqV6TcGWmk-unsplash-Nov-27-2023-09-32-42-5344-PM.jpg",
    "width" : 4032
  },
  "mainEntityOfPage" : "https://dakotafunds.com/dakota-funds/fundraising-news/virginia-retirement-commits-865m-to-alts-terminates-2-strategies",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Dakota Funds"
  }
}
```