Virginia Retirement System has approved $300m (€278.5m) worth of commitments to real assets through DigitalBridge and PGIM-managed strategies.
Virginia Retirement System has committed $100m to DigitalBridge Partners Fund III, a fund with an undisclosed target size and four-year funding period.
DigitalBridge, which raised $8.3bn in January 2022 for the previous fund in series, is known as a global investor in digital infrastructure, with targeted sectors including data centres, fibre, macro cell towers, edge infrastructure and small cell towers.
Virginia Retirement allocated $200m to the PGIM Energy Lending Separate Account, targetting lending transactions for North American oil and gas assets.
To read the latest IPE Real Assets magazine click here.
No comments yet