Virginia Retirement System (VRS): what the board decided

Read from the boards’ own minutes and meeting packets, each row with the stance the minutes give it. Approved is a vote or a commitment reported as made under delegated authority; recommended is staff or the consultant asking, with no vote in the record; proposed is an item presented for consideration. Every row carries the sentence that says so. A re-up prospect is arithmetic on the tape: the allocator holds Fund N, the manager has Fund N+1 open, and no commitment to it is on the graph; it is labelled an inference and says nothing about intent.

Aug 14, 2026Committed (dated)Public equityBoard of Trustees
$200M to ValueAct Strategic Global Fund II
ValueAct Strategic Global Fund II – A co-investment vehicle.
Public EquityPublic plan board and investment committee agendas and minutes
Aug 12, 2026ApprovedPublic equityInvestment Advisory Committee (IAC)
$500M to BlackRock 32 Capital
Public Equity Hired 04/01/2026 $500 Million Immediate
Public EquityPublic plan board and investment committee agendas and minutes
reported as made at the meeting, no closing date printed
Aug 12, 2026ApprovedPrivate equityInvestment Advisory Committee (IAC)
$300M to Quad-C XI (Quad-C Management, Inc.)
Private Equity Hired 03/31/2026 $300 Million 6 Years
Private EquityPublic plan board and investment committee agendas and minutes
reported as made at the meeting, no closing date printed
Aug 12, 2026ApprovedPrivate creditInvestment Advisory Committee (IAC)
$300M to B••• O•• R••• E••••• F••• V••
••• Locked
Credit StrategiesPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedHedge / diversifiersInvestment Advisory Committee (IAC)
$300M to B•••••••• G••
••• Locked
Diversifying StrategiesPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedReal assetsInvestment Advisory Committee (IAC)
$229M to I••••••••• F•••••• C••••••••• S••••••• A••••••
••• Locked
Real AssetsPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedPrivate equityInvestment Advisory Committee (IAC)
$201M to A••• D•••••• F••• I•• (A•••)
••• Locked
Private EquityPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedReal assetsInvestment Advisory Committee (IAC)
$200M to L• P•••• F••• V•
••• Locked
Real AssetsPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedPrivate equityInvestment Advisory Committee (IAC)
$200M to G•••••• A••••••• S•• I• (G•••••• A•••••••)
••• Locked
Private EquityPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedPrivate equityInvestment Advisory Committee (IAC)
$200M to A••••• I••••••••• F••• X• (A•••••)
••• Locked
Private Equityresolved to the fund on the private equity graphPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedReal assetsInvestment Advisory Committee (IAC)
$150M to K•••• A••••••• C••• R••• E••••• F••• (K•••• A•••••••)
••• Locked
R••• AssetsPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedReal assetsInvestment Advisory Committee (IAC)
$150M to E•• T••••••••• I••••••••• (E••)
••• Locked
Real AssetsPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedReal assetsInvestment Advisory Committee (IAC)
$150M to A••••• M••••••••• H•••••• P••••••• F••• (A•••••)
••• Locked
Real AssetsPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedPrivate creditInvestment Advisory Committee (IAC)
$150M to B•••• P•••• C••••• T••••••• F••• I• (B•••• P•••• C•••••• M••••••••• L•)
••• Locked
Credit StrategiesPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedReal assetsInvestment Advisory Committee (IAC)
$125M to M••••• R••• E••••• F••• V••
••• Locked
R••• Assetsresolved to the fund on the private equity graphPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedReal assetsInvestment Advisory Committee (IAC)
$100M to S•••••••• O••••••••• F••• I• (S••••••••)
••• Locked
Real Assetsresolved to the fund on the venture graphPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedReal assetsInvestment Advisory Committee (IAC)
$100M to S••••• H••• E••••• P••••••• V•
••• Locked
Real AssetsPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedPrivate equityInvestment Advisory Committee (IAC)
undisclosed amount to C••••••••• X•• (C••••••••• C•••••• P••••••• L••)
••• Locked
Private EquityPublic plan board and investment committee agendas and minutes
••• Locked
Aug 12, 2026ApprovedPrivate equityInvestment Advisory Committee (IAC)
undisclosed amount to I•••••••• B••••• F••• V•• (I••••••••)
••• Locked
Private EquityPublic plan board and investment committee agendas and minutes
••• Locked
Apr 23, 2026ApprovedHedge / diversifiersBoard of Trustees
$500M to P•••• M••••••••• C••••• M••••••
••• Locked
Diversifying StrategiesPublic plan board and investment committee agendas and minutes
••• Locked
Apr 23, 2026ApprovedPrivate creditBoard of Trustees
$400M to A••• P••••••••• I•• (A•••)
••• Locked
Credit StrategiesPublic plan board and investment committee agendas and minutes
••• Locked
Apr 23, 2026Approvedre-upPrivate equityBoard of Trustees
$50.0M to M•••••• V• C•••••••• S•• (M•••••• C•••••• M••••••••• L•••)
••• Locked
Private EquityPublic plan board and investment committee agendas and minutes
••• Locked
Apr 23, 2026Approvedre-upPrivate equityBoard of Trustees
undisclosed amount to C••••••••• X•• C•••••••• S•• (C••••••••• C•••••• P••••••• L••)
••• Locked
Private EquityPublic plan board and investment committee agendas and minutes
••• Locked

The plan, manager and consultant names past the first 3 rows are hidden. Open a row to reveal that record with a free account (5 a month), or get Allocator Intelligence at $299 a month for every name. Every figure, date and source is public either way.