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