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Sign in Sign up for a FREE subscriptionVirginia Retirement commits $250m to ACORE Credit Partners II
The Virginia Retirement System (VRS) has committed $250 million to ACORE Credit Partners II, recent meeting documents show.
ACORE Credit Partners II is managed by ACORE Capital and is a closed-end fund investing in newly originated mortgages secured by transitional commercial real estate. It recently announced its final close, raising $1.4 billion.
As of June 30, 2023, 13.6 percent ($16.1 billion) of VRS’s portfolio was allocated toward credit strategies funds.
For more information about this commitment or other funds, please visit our IREI.Q database.
