Virginia Retirement System to widen continuation vehicle use

Virginia Retirement System plans to increase private equity co-investments to more than $750 million a year, AltAssets reported.

The $135.2 billion pension system also plans to expand its use of continuation vehicles.

Its private equity portfolio trails its benchmark by 15 points.

For buyers of GP-led deals, the plans could add one more large public pension evaluating single-asset and continuation-vehicle transactions.