---
title: Virginia Retirement System Commits $200 Million to Private Credit
description: Virginia Retirement System Commits $200 Million to Private Credit
---

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

# [Virginia Retirement System Commits $200 Million to Private Credit](https://dakotafunds.com/dakota-funds/fundraising-news/virginia-retirement-system-commits-200-million-to-private-credit)

 Written by [Morgan Holycross, Marketing Manager](https://dakotafunds.com/dakota-funds/author/morgan-holycross-marketing-manager) | December 11, 2023

The Virginia Retirement System has approved a $200 million to private credit according to materials from the December 7 board meeting. 

$200 million was allocated to Ares Credit Secondaries, a closed-end fund investing in a diversified portfolio of secondary credit fund interests.

As of September 30, the $140 billion pension system allocates 14.2% to credit 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-system-commits-200-million-to-private-credit)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Morgan Holycross, Marketing Manager"
  },
  "dateModified" : "2024-04-04T20:20:09.259Z",
  "datePublished" : "2023-12-11T05:00:00Z",
  "headline" : "Virginia Retirement System Commits $200 Million to Private Credit",
  "image" : {
    "@type" : "ImageObject",
    "height" : 3024,
    "url" : "https://22672301.fs1.hubspotusercontent-na1.net/hubfs/22672301/Imported_Blog_Media/stephen-poore-gpqV6TcGWmk-unsplash%20%281%29-1.jpg",
    "width" : 4032
  },
  "mainEntityOfPage" : "https://dakotafunds.com/dakota-funds/fundraising-news/virginia-retirement-system-commits-200-million-to-private-credit",
  "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"
  }
}
```