The Virginia Retirement System (VRS) has committed $250 million to Hamilton Lane VA Real Estate, according to VRS’ investment materials.
Hamilton Lane VA Real Estate Fund, managed by Hamilton Lane, is a separate account focused on investing with smaller real estate fund managers on a global scale.
VRS is a public pension fund that had $114.8 billion in total assets under management, as of Sept. 11, 2024. As of June 30, 2024, it had $14.2 billion in total real estate assets, with a 15 percent real estate allocation target.
