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Virginia Retirement System puts $425m in three infrastructure funds
Investors - JUNE 24, 2022

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Virginia Retirement System puts $425m in three infrastructure funds

by Kali Persall

The $106.3 billion Virginia Retirement System (VRS) has disclosed several new investments under its real-assets umbrella.

These include a $200 million commitment to EIG River Energy Partners, a closed-end fund investing in global natural resources; a $150 million commitment to iCON Infrastructure Partners VI, a closed-end fund investing in middle market infrastructure investments in Europe and North America; and a $75 million commitment to True Green Capital Fund IV, a closed-end fund investing in renewable infrastructure.

A funding update for EIG River Energy Partners was not available at the time of publication, but  both iCON Infrastructure Partners VI and True Green Capital Fund IV completed their final closings, with $3.6 billion and more than $600 million of equity commitments, respectively.

As of March 31, VRS had a 13.7-percent allocation to real ass

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