The $76.9 billion Virginia Retirement System (VRS) has poured $135 million into Carson/VA Industrial J/V III, a joint venture investing in industrial warehouse properties.
The investment was made mid-June on behalf of VRS’ real assets portfolio, according to a newly released investment document. The funding period will remain viable for a total of four years.
As of March 31, VRS had an 11.2 percent actual allocation to real assets, against a target of 14.5 percent.
