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Virginia Retirement System (VRS) reports as committed $200M to Apollo Investment Fund XI | DFX Data Factory

NewFactAllocator / Fundraising IntelligenceAug 12, 2026 · first seen 5 days ago

V••••••• R••••••••• S••••• •••• reports as committed $200M to A••••• Investment Fund XI

V••••••• R••••••••• S••••• •••• · allocator

observed in a filing or announcement; the statement is the source's

What changed

V••••••• R••••••••• S••••• •••• reports as committed $200M to A••••• Investment Fund XI

Why now: Dated 2026-08-12 (document); first seen by DFX 2026-09-16.

Who this matters to

only relationships the graph supports

Primary

Apollo$200Mfavourable
received the commitment. the fund that closed the money · df_pub_event.related

Potential beneficiaries

Managers raising the same strategy (class)favourable
raises the same strategy. the allocator is active in this strategy now · class
Placement agents (class)favourable
places funds with this allocator. a live mandate · class

Counterparties

Virginia Retirement S••••• (VRS)$200Mmixed
the allocator. its manager mix changed · df_pub_event.subject

Buyer classes for this family: Fund managers, Placement agents, Investment consultants, Managers raising the same strategy.

Economic footprint

probability and consequence kept apart

disclosed amount: $200M known
State: New
Historical signal: not measured as a predictor
Confidence: 0.90

Why it matters

a dated, disclosed commitment names allocator, manager, fund and amount: fundraising intelligence with a known dollar figure. Amount $200M. Evidence class: fact; source Public plan board and investment committee agendas and minutes.

What to do next

workflow actions, never advice

Open allocator View commitment history View manager Compare allocators Monitor this allocator for mandates

DFX product: Allocator / Fundraising Intelligence

Who would own this decision

public roster names; business contact details are an account feature

A••••• H• J••••• · Chief Investment Officer · V••••••• R••••••••• S••••• ••••
P••••••• S• B••••• · Director · V••••••• R••••••••• S••••• ••••
L••••••• E• K•••••• · Investment Advisory Committee, Chair · V••••••• R••••••••• S••••• ••••
S•••• T• G••••• · Defined Contribution Plans Advisory Committee, Chair · V••••••• R••••••••• S••••• ••••
A• S•••• A•••••• · Chair · V••••••• R••••••••• S••••• ••••

Evidence

Evidence, method and the rank's parts

Sources

Public plan board and investment committee agendas and minutes · Aug 12, 2026varetire.org

What would make this less concerning

the minutes record a deferral or the commitment is rescinded

Actionability, eleven dimensions (0 to 5)

novelty5
confidence4
timeliness4
actionability4
affected entities2
economic magnitude3
financing consequence1
portfolio consequence1
commercial consequence5
investment consequence2
fundraising consequence

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Dated 2026-09-09 (document); first seen by DFX 2026-09-16.

Exposure: $250M knowndisclosed amount
Who this matters to: Fund managers, Placement agents +2
Historical: not a measured predictor

F••••••• · manager

Allocator / Fundraising IntelligenceSep 9, 2026 · seen 5 days ago

NewFactAllocator / Fundraising Intelligence

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Data Factory

V••••••• R••••••••• S••••• •••• reports as committed $200M to A••••• Investment Fund XI

C••••••••• R••••••••• P•••• a•• T•••• F••••, Investment Advisory Council (Office of the Treasurer) reports as committed $250M to F••••••• Lending Fund V (A) L.P.

C••••••••• R••••••••• P•••• a•• T•••• F••••, Investment Advisory Council (Office of the Treasurer) reports as committed $250M to F••••••• Lending Fund V Co-Invest L.P.

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