--- title: Virginia Retirement System Commits up to $1.6B to Alternatives description: Virginia Retirement System Commits up to $1.6B to Alternatives. image: https://dakotafunds.com/hubfs/Imported_Blog_Media/richmond-2-Apr-04-2024-11-22-25-8410-PM.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 up to $1.6B to Alternatives **Written by: ** John Washington, Data Research Analyst ![](https://dakotafunds.com/hubfs/Imported_Blog_Media/richmond-2-Apr-04-2024-11-22-25-8410-PM.jpg) The Virginia Retirement System has committed approximately $1.6 billion in 7 new commitments, according to meeting materials from the April 12 board meeting.  $125 million was committed to Penwood Select Industrial Partners VII, a value-add fund managed by Penwood Real Estate Investment Management. $350 million was committed to Pantheon Infrastructure III, a infrastructure fund managed by Pantheon Ventures. $300 million was committed to the private equity fund, Hellman & Friedman XI, managed by Hellman & Friedman. Within private credit, $400 million was committed to two funds managed by Ares Capital Management; $150 million was committed to Ares Capital Europe VI, and $250 was committed to Ares Pathfinder II Fund. In addition, $150 million was allocated to Oaktree Opportunities Fund XII. Lastly, $250 million was allocated to Oak Street Real Estate Capital VI.  As of December 31, 2022, the retirement system was valued at approximately $100.3 billion. *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: [Credit](https://dakotafunds.com/dakota-funds/tag/credit), [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Real Estate](https://dakotafunds.com/dakota-funds/tag/real-estate), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity), [Real Assets](https://dakotafunds.com/dakota-funds/tag/real-assets) ### 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 August 24, 2023 #### Chicago Teachers’ Pension Fund Commits $10M to Private Equity The Chicago Teachers’ Pension Fund has approved $10 million to private equity, according to meeting... 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[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/fort-lauderdale-police-firefighters-retirement-approves-10m-small-cap-growth-allocation) ![footerLogo](https://dakotafunds.com/hubfs/footerLogo.svg) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "John Washington, Data Research Analyst", "url" : "https://dakotafunds.com/dakota-funds/author/john-washington-data-research-analyst" }, "dateModified" : "2024-04-04T23:23:36.711Z", "datePublished" : "2023-04-17T04:00:00.000Z", "headline" : "Virginia Retirement System Commits up to $1.6B to Alternatives", "image" : [ "https://dakotafunds.com/hubfs/Imported_Blog_Media/richmond-2-Apr-04-2024-11-22-25-8410-PM.jpg" ], "mainEntityOfPage" : { "@id" : "https://dakotafunds.com/dakota-funds/fundraising-news/virginia-retirement-system-commits-up-to-1.6b-to-alternatives", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" }, "name" : "Dakota Funds Group" } } ```