This allocator's name, 2 more people, 14 more managers, 31 more commitments and 63 more dated events
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
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State retirement system in Virginia
State retirement system, based in Virginia, reporting $114B in assets, for 655,064 participants.
Composed from this allocator's classification, location and filed figures.
- Assets
- $114B
- Private allocation
- 47.0%
- Fund commitments
- 33
- Managers
- 1
What matters now
- $200Mapproved, 1 fund
$200M approved across 1 fund on 14 Aug 2026: ValueAct Strategic Global Fund II $200M.
14 Aug 2026 · The board's newest commitments, the managers it is backing now.
- 2 managersterminated or on watch
A manager; A manager.
17 Sep 2026 · A termination frees an allocation; a watch listing often comes before one.
Capital path
who backs this record, through what, into what; each name opens its own path- Andrew H. JunkinChief Investment Officer
- A. Scott AndrewsChair
- Lawrence E. KochardInvestment Advisory Committee, Chair
- Apollo Investment Fund XI$200M committed
- LS Power Fund VI$200M committed
- Lead Edge Capital Fund VII$150M committed
- Barings LLC$750M across 1 commitment
- Ares$700M across 2 commitments
- Apollo$350M across 2 commitments
Size, funding, policy and commitments, with their basesState retirement systemShowHide
| Asset class (as printed) | Bucket | Target | Range | Actual | Gap | Basis |
|---|---|---|---|---|---|---|
| Cash | Cash | 2.0% | 1.8% | -0.2 | reported varetire.org | |
| Fixed Income | Fixed income | 16.0% | 15.2% | -0.8 | reported varetire.org | |
| Diversifying Strategies | Hedge / diversifiers | 6.0% | 4.1% | -1.9 | reported varetire.org | |
| Leverage | Other | -3.0% | -1.2% | +1.8 | reported varetire.org | |
| Credit Strategies | Private credit | 16.0% | 15.2% | -0.8 | reported varetire.org | |
| PIP – Private Investment Partnerships | Private equity | 1.0% | 1.8% | +0.8 | reported varetire.org | |
| Private Equity | Private equity | 15.0% | 16.0% | +1.0 | reported varetire.org | |
| Public Equity | Public equity | 32.0% | 33.6% | +1.6 | reported varetire.org | |
| Real Assets | Real assets | 15.0% | 12.7% | -2.3 | reported varetire.org |
- Exposure Management Portfolio 0.8%
- Mercer General consultantthrough Feb 5, 2026 Board minutes
- Bank of New York Mellon Custodianthrough Jun 30, 2025 ACFR
- Gabriel, Roeder, Smith & Company (GRS) Actuarythrough Jun 30, 2025 ACFR
- A. Scott Andrews ChairBoard chair
- Lawrence E. Kochard Investment Advisory Committee, ChairCommittee chair
+2 more people on the investment staff and board
Every name, title and published role at this allocator, with the page it was read from.
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- Barings LLC$750M, 1 row, latest Apr 8, 2026
- Ares$700M, 2 rows, latest Apr 23, 2026
- Apollo$350M, 2 rows, latest Aug 12, 2026
+14 more managers received commitments
Every name, record and relationship behind this count, with the source on each.
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- Sep 17, 2026Manager terminated
- Aug 14, 2026Commitment closed$200Mvaretire.org
- Aug 12, 2026Commitment approved
- Aug 12, 2026Manager terminated
- Aug 12, 2026Commitment approved$200Mvaretire.org
+63 more dated events
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $249/month unless canceled.
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| Aug 14, 2026 | ValueAct Strategic Global Fund IIco investment | ValueAct | Public equity | $200M | Committed (dated) | varetire.org | |
| as of Aug 12, 2026 | Blue Owl Real Estate Fund VII | Blue Owl | Private credit | $300M | Approved | varetire.org | |
| as of Aug 12, 2026 | International Farming Corporation Separate Accountseparate account | International Farming Corporation | Real assets | $229M | Approved | varetire.org |
+31 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
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| Vehicle | Manager | Amount | State | Proposed | Approved | Closed | First reported | Other LPs |
|---|---|---|---|---|---|---|---|---|
| PIMCO Multi-Strategy Custom Mandate | n/a | $500M | approved | - | Apr 23, 2026 | - | - | - |
| Stonepeak Opportunities Fund II LP | Stonepeak | $100M | approved | - | Apr 23, 2026 | - | - | - |
| BlackRock GAO | n/a | $300M | approved | - | Apr 23, 2026 | - | - | - |
+30 more board decisions
Every name, record and relationship behind this count, with the source on each.
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Provenance
Not yet on record: funded ratio.
This record sits on 24 traced paths of capital across the graphs.
DFX traced 24 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
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Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
- Consultant changed2026-02-05source
- Commitment approved2026-02-05source
- Manager terminated2026-02-05source
+65 more changes on this record's ledger
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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+10 connections on the graph
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