The Virginia Retirement System (VRS) has committed $725 million to real estate funds, including funds managed by Apollo, Blue Owl, Kayne Anderson and Meadow Partners.
Meadow Real Estate Fund VII received $125 million for its closed-end, opportunistic strategy. The vehicle targets residential, retail, office, and industrial investments in the United Kingdom and United States, with a preference for London and New York City. A fundraising goal has not been determined. In 2024, Meadow Real Estate Fund VI, its predecessor, closed with $530 million in total capital raised.
VRS invested $150 million in Kayne Anderson Core Real Estate, a core, open-end vehicle investing in alternative real estate sectors such as medical office, senior housing, student housing and self-storage.
Blue Owl Real Estate Fund VII received $300 million for its closed-end, value-added strategy with a fundraising target of $6.5 billion. The strategy invests in industrial assets, with a smaller po
