The Virginia Retirement System has given $50m (£34.9m) to First Reserve IX - a private equity fund.
Funding for the $50m commitment will come from cash, according to a spokesman for the $37.5bn (£26.1bn) fund. Currently, the fund has about $3.8bn or 10% of total assets invested in private equity....
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date