Virginia Retirement System has approved a $100m (€95m) commitment to a mid-market infrastructure fund managed by Stonepeak.
The pension fund said it has committed the capital to Stonepeak Opportunities Fund, a fund expected to target infrastructure assets in North America and Europe.
According to sources, the Stonepeak fund will mainly be investing in energy transition, transportation/logistics and digital and social infrastructure assets.
Stonepeak declined a request for comment.
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