Virginia Retirement System has disclosed two new commitments totalling $350m (€305.4m) to infrastructure funds managed by EQT and LS Power, and the termination of a $187m US farmland separate account managed by AgIS Capital within its real assets portfolio.
The pension fund disclosed in a board meeting document that it committed $150m to the EQT Transition Infrastructure Fund, a value-add vehicle investing in North America and Europe.
Virginia Retirement also placed $200m into LS Power Fund VI, which targets North American power generation and energy transition assets.
Virginia Retirement said it has decided to end the AgIS farmland separate account, a mandate originally awarded to the manager in 2017 with an initial $150m allocation.
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