Key Takeaways
- • Virginia Retirement System (VRS) disclosed two new infrastructure commitments totaling $350m (€305.4m), according to a board meeting document cited by IPE Real Assets.
- • VRS committed $150m to the EQT Transition Infrastructure Fund, a value-add vehicle investing in North America and Europe.
- • VRS placed $200m into LS Power Fund VI, which targets North American power generation and energy transition assets.
- • VRS terminated its $187m US farmland separate account managed by AgIS Capital, a mandate first awarded in 2017 with an initial $150m allocation.
Summary
The Virginia Retirement System has disclosed two new infrastructure commitments totaling $350m (€305.4m) and the termination of a $187m US farmland separate account managed by AgIS Capital, according to a board meeting document reported by IPE Real Assets. The moves were made within the pension fund's real assets portfolio.
The largest single commitment is $150m to the EQT Transition Infrastructure Fund, a value-add vehicle that invests in North America and Europe. VRS also placed $200m with LS Power Fund VI, which targets North American power generation and energy transition assets. Together, the two commitments shift the real assets allocation further toward energy-related infrastructure.
VRS said it has decided to end the AgIS farmland separate account. The mandate was originally awarded to AgIS in 2017 with an initial $150m allocation, and the account was later valued at $187m, per publisher context. The termination follows a broader pattern of VRS reshaping its real assets exposure, including earlier farmland-related actions reported by the publisher.
The disclosure reflects VRS's continued pursuit of infrastructure and energy transition exposure as it reduces agricultural holdings in its real assets book.
The largest single commitment is $150m to the EQT Transition Infrastructure Fund, a value-add vehicle that invests in North America and Europe. VRS also placed $200m with LS Power Fund VI, which targets North American power generation and energy transition assets. Together, the two commitments shift the real assets allocation further toward energy-related infrastructure.
VRS said it has decided to end the AgIS farmland separate account. The mandate was originally awarded to AgIS in 2017 with an initial $150m allocation, and the account was later valued at $187m, per publisher context. The termination follows a broader pattern of VRS reshaping its real assets exposure, including earlier farmland-related actions reported by the publisher.
The disclosure reflects VRS's continued pursuit of infrastructure and energy transition exposure as it reduces agricultural holdings in its real assets book.
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