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Sign in Sign up for a FREE subscriptionVirginia Retirement commits $300m to real assets opportunities
The Virginia Retirement System (VRS) has committed $200 million to Stonepeak Infrastructure Fund V (SIF V) and $100 million to a USEF Sailfish Venture, according to recent meeting documents.
Managed by New York City–based Stonepeak, SIF V is seeking to raise $15 billion and will invest in large, high-quality, essential infrastructure assets primarily within the transportation and logistics, energy and energy transition, and communications sectors. SIF V will invest primarily within the United States and Canada and has a limit to invest no more than 25 percent of its capital outside of those countries.
The USEF Sailfish Venture is a preferred equity investment in U.S. real estate.
VRS has made prior commitments to Stonepeak, including a $100 million commitment to Stonepeak Opportunities Fund in 2022 and a $100 million commitment to Stonepeak Infrastructure Fund in 2013.
