Virginia Retirement System commits $150m to real estate

Virginia Retirement System announces commitment to single-family rental fund.

Institution: Virginia Retirement System
Headquarters: Richmond, US
AUM: $112.8 billion
Allocation to real assets: 12.6%

Virginia Retirement System announced its latest private real estate commitment during its June board meeting.

The public pension fund committed $150 million to Pretium Single Family Rental Fund VI. Managed by Pretium Partners, the fund invests into rental units in the United States. The fund launched in May 2022 and has raised $906.81 million as of April 2024, per SEC filings.

Virginia Retirement System currently allocates 12.6 percent of its portfolio toward real assets, amounting to $14.21 billion in capital.

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