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Investors - JUNE 16, 2023

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Virginia Retirement System pours $50m into Lime Rock oil and gas fund

by Kali Persall

The Virginia Retirement System (VRS) has invested $50 million in Lime Rock Resources Fund VI on behalf of its real assets program.

Lime Rock Resources Fund VI is a closed-end commingled fund investing in domestic oil and gas assets. The vehicle is managed by Lime Rock, a private equity firm focusing on the global energy sector.

The fund’s predecessor, Lime Rock Resources V, closed in March 2022 with $538 million in aggregate capital commitments to the fund and an affiliated co-investment vehicle.

The fund series seeks to acquire, improve and directly operate producing oil and gas properties in the United States.

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