Virginia Retirement commits $150 million to real assets

Virginia Retirement System, Richmond, committed $150 million to Sprott Structured Opportunities Fund I.

The $101.2 billion pension fund on Aug. 30 completed the commitment to the real assets fund managed by Sprott Asset Management that provides loans to mine developers, according to an investment report included with Sept. 22 board meeting materials.

It is the pension fund’s first commitment to a Sprott fund.

As of Sept. 12, VRS’ actual allocation to real assets was 15.3%; the target is 15%.

Read complete post here:
Source link