--- title: Virginia RS Commits to Alts; Closes Low Volatility Investments description: Virginia RS Commits to Alts; Closes Low Volatility Investments image: https://dakotafunds.com/hubfs/Imported_Blog_Media/stephen-poore-gpqV6TcGWmk-unsplash%20(2)-1.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 RS Commits to Alts; Closes Low Volatility Investments **Written by: ** Jane Bailey, Marketing Associate ![](https://dakotafunds.com/hubfs/Imported_Blog_Media/stephen-poore-gpqV6TcGWmk-unsplash%20(2)-1.jpg) According to meeting materials from the February 8th board meeting, the Virginia Retirement System has approved five commitments to real assets, global equities, and hedge funds totaling $1.85 billion.  In real assets, $100 million was allocated to DigitalBridge Partners Fund III. An additional $200 million was allocated to PGIM Energy Separate Account. In global equities, $500 million was allocated to WCM Global Growth. Two hedge fund commitments were also disclosed, $700 million was allocated to VRS BLK Global Dynamic Allocation Strategy Fund and $350 million was allocated to  MAS Global Dynamic Allocation Strategy Fund. In addition to the new commitments, VRS provided updates on three internally managed low volatility investments. Bearfence, a global low volatility equity strategy, was opened and funded with $5.5 billion.  Piedmont, a non-U.S. low volatility strategy, was closed with a value of $1.6 billion. Also closed was Mobjack, a U.S. Low volatility strategy, at a value of $3.4 billion. As of November 30, 2023, the $106.5 billion Retirement Fund currently allocates 13.2% to real assets. 9.2% of the Fund is allocated to hedge funds. Lastly, 32.3% of the Fund is allocated to public equity.  *For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of [Dakota Marketplace](https://www.dakota.com/dakota-marketplace)!* Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [International Equities](https://dakotafunds.com/dakota-funds/tag/international-equities), [Hedge Funds](https://dakotafunds.com/dakota-funds/tag/hedge-funds), [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 February 02, 2023 #### Rhode Island Pension Commits $50M to Direct Lending The Rhode Island State Investment Commission will commit $50 million to HPS Specialty Loan Fund VI.... 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[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-retirement-fund-commits-50m-to-private-equity) ![footerLogo](https://dakotafunds.com/hubfs/footerLogo.svg) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Jane Bailey, Marketing Associate", "url" : "https://dakotafunds.com/dakota-funds/author/jane-bailey-marketing-associate" }, "dateModified" : "2024-04-04T20:38:56.003Z", "datePublished" : "2024-02-13T05:00:00.000Z", "headline" : "Virginia RS Commits to Alts; Closes Low Volatility Investments", "image" : [ "https://dakotafunds.com/hubfs/Imported_Blog_Media/stephen-poore-gpqV6TcGWmk-unsplash%20(2)-1.jpg" ], "mainEntityOfPage" : { "@id" : "https://dakotafunds.com/dakota-funds/fundraising-news/virginia-rs-commits-to-alts-closes-low-volatility-investments", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" }, "name" : "Dakota Funds Group" } } ```