Virginia Retirement System has added Aplomado Partners to its real assets manager line-up with a $100m (€82.5m) commitment to the manager.
The pension fund told IPE Real Assets that the value-add investment made will be used by Aplomado to target US solar opportunities.
Aplomado is a Dallas-based energy investment firm focused on acquiring land and leases under solar projects throughout the US.
The company was founded last year. Its affiliate, PetroCap and its predecessors have been investing in all segments of energy since 1992.
Aplomado did not respond to a request for comment.
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