---
title: Virginia Retirement System Commits $2.1B to Alts; Terminates Beach Point
description: Virginia Retirement System Commits $2.1B to Alts; Terminates Beach Point
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/salome-guruli-XAPaxw9QtMw-unsplash.jpg
---

[![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com)

- [ About ](https://dakotafunds.com/about-us)
- [ Team ](https://dakotafunds.com/team-update)
- [ Partners ](https://dakotafunds.com/clients)
- [ Contact ](https://dakotafunds.com/contact-us-update)

[![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com)

**

- [ About ](https://dakotafunds.com/about-us)
- [ Team ](https://dakotafunds.com/team-update)
- [ Partners ](https://dakotafunds.com/clients)
- [ Contact ](https://dakotafunds.com/contact-us-update)

# Virginia Retirement System Commits $2.1B to Alts; Terminates Beach Point

**Written by: ** Helen Bascom, Marketing Associate 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/salome-guruli-XAPaxw9QtMw-unsplash.jpg)

The Virginia Retirement System (VRS) disclosed over $2.1 billion in new commitments at their August 28th IAC meeting.** **

Within private equity, $125 million was allocated to LS Power Equity Partners V, $300 million was allocated to GTCR XIV, $200 million to CVC Capital Partner IX, $300 million to TA XV, and $200 million was allocated to NGP XIII .

Additionally, OHA Oak Hill Syndicated Loan, a fund of one investing in leveraged loans and high yield bonds, received a $585 million commitment. Multi-strategy hedge fund, Aksia Totsumen, received a $250 million commitment. And $200 million was committed to the real assets fund, Global Infrastructure Partners Fund V.

Also disclosed in the meeting, Beach Point Credit separate account was terminated. The market value of the account at the time of termination was approximately $628 million.

*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!*

 

**

 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity), [Hedge Funds](https://dakotafunds.com/dakota-funds/tag/hedge-funds), [Real Assets](https://dakotafunds.com/dakota-funds/tag/real-assets), [Private Credit](https://dakotafunds.com/dakota-funds/tag/private-credit)

### Recent Posts

[EP Wealth Acquires Wacker Wealth Partners](https://dakotafunds.com/dakota-funds/fundraising-news/ep-wealth-acquires-wacker-wealth-partners)   
April 04, 2024

[JTP Capital Seeking Fundraising and CRM Database Management Assistant](https://dakotafunds.com/dakota-funds/fundraising-news/jtp-capital-seeking-fundraising-and-crm-database-management-assistant)   
April 04, 2024

[$700M Merrill FAs Depart to Sanctuary](https://dakotafunds.com/dakota-funds/fundraising-news/700m-merrill-fas-depart-to-sanctuary)   
April 03, 2024

[Greenbacker Capital Seeking Internal Sales Representative](https://dakotafunds.com/dakota-funds/fundraising-news/greenbacker-capital-seeking-internal-sales-representative)   
April 03, 2024

[NY Common Commits $550M to Venture Capital, Real Estate](https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-550m-to-venture-capital-real-estate)   
April 03, 2024

## Related Blogs

<https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-to-alts-emerging-manager-program-terminates-manager>

January 04, 2024

#### NY Common Commits to Alts & Emerging Manager Program; Terminates Manager

 According to meeting notes from the October 2023 board meeting, the New York State Common...

[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-to-alts-emerging-manager-program-terminates-manager)

<https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-1.6b-to-alts-terminates-global-equity-strategy>

September 06, 2023

#### NY Common Commits $1.6B to Alts; Terminates Global Equity Strategy

 The New York State Common Retirement Fund has disclosed five alternative investments totaling...

[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-1.6b-to-alts-terminates-global-equity-strategy)

<https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-1.3b-terminates-emerging-markets-fund>

August 01, 2023

#### NY Common Commits $1.3B; Terminates Emerging Markets Fund

 The New York State Common Retirement Fund has disclosed seven alternative investments totaling...

[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-1.3b-terminates-emerging-markets-fund)

![footerLogo](https://dakotafunds.com/hubfs/footerLogo.svg)

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Helen Bascom, Marketing Associate",
    "url" : "https://dakotafunds.com/dakota-funds/author/helen-bascom-marketing-associate"
  },
  "dateModified" : "2024-04-04T20:20:08.656Z",
  "datePublished" : "2023-08-24T04:00:00.000Z",
  "headline" : "Virginia Retirement System Commits $2.1B to Alts; Terminates Beach Point",
  "image" : [ "https://dakotafunds.com/hubfs/Imported_Blog_Media/salome-guruli-XAPaxw9QtMw-unsplash.jpg" ],
  "mainEntityOfPage" : {
    "@id" : "https://dakotafunds.com/dakota-funds/fundraising-news/virginia-retirement-system-commits-2.1b-to-alts-terminates-beach-point",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject"
    },
    "name" : "Dakota Funds Group"
  }
}
```