The Virginia Retirement System (VRS) has committed $250 million to Hamilton Lane VA Real Estate, according to an investments review on April 2.
Hamilton Lane VA Real Estate is a separate account focused on investing with smaller real estate fund managers on a global basis, according to the report.
This commitment follows a $100 million real assets investment to Artemis Real Estate Partners in November 2024.
VRS is a public pension fund with $114.8 billion in total assets under management, as of Sept. 11, 2024. As of then, it had a 15 percent real estate allocation target with $14.2 billion in total real estate assets.
