# Virginia Retirement System

Virginia Retirement System is a Pension Fund based in Richmond, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Richmond, United States
- **Region:** North America
- **Address:** 1200 East Main Street, Richmond, VA, United States
- **Founded:** 1942
- **Assets under management:** 122800 (Altss estimate)
- **Website:** varetire.org
- **LinkedIn:** https://www.linkedin.com/company/virginia-retirement-system

## About

Virginia Retirement System (VRS) is an independent state agency established in 1942 and based in Richmond, Virginia. It delivers retirement and other benefits to covered Virginia public sector employees including teachers and state and local government personnel. VRS is one of the largest pension funds globally and serves over 861,000 members, retirees, and beneficiaries through sound financial stewardship and superior customer service.

## Sectors

- Private Equity
- Real Estate
- Infrastructure
- Natural Resources

## People

- Andrew H. Junkin — Chief Investment Officer
- A. Scott Andrews — Chair of the Board of Trustees
- Patricia S. Bishop — Director

## Questions

### Who runs investment decisions at Virginia Retirement System?

Andrew H. Junkin serves as Chief Investment Officer. A. Scott Andrews chairs the Board of Trustees. Patricia S. Bishop holds the Director position.

### Does Virginia Retirement System participate in fund commitments or only direct deals?

VRS executes both fund commitments and separate account mandates. Examples include commitments to Thoma Bravo Fund XVI and GCM Grosvenor VRS VI alongside direct real estate accounts with Meadow Partners and Pretium Partners.

### What asset classes receive the largest allocations at Virginia Retirement System?

Private equity holds an 18.1 percent allocation. Real estate and infrastructure each receive multiple separate account and fund commitments exceeding $100 million per vehicle.

### Which geographic regions does Virginia Retirement System target?

Primary exposure remains in the United States. Additional commitments target North America and Western Europe through infrastructure and real estate vehicles.

### How does Virginia Retirement System source investments?

The fund works through established managers including Stone Point Capital, GTCR, and iCON Infrastructure. Separate accounts with Hamilton Lane and Meadow Partners provide additional access to smaller managers.

### What is Virginia Retirement System's known posture on co-investments?

VRS maintains co-investment capabilities alongside fund commitments. The strategy list includes dedicated co-investment and co-investment multi-manager approaches.

### Does Virginia Retirement System maintain an ESG policy?

VRS integrates ESG factors into the investment process as part of fiduciary duty. The policy does not include social screens or dedicated ESG funds.

## Related profiles

- [Retirement Plans Sinking Fund](https://altss.com/profile/retirement-plans-sinking-fund)
- [ATP Group](https://altss.com/profile/atp-group)

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Last updated: 2026-07-08T20:43:16.508Z

Canonical page: https://altss.com/profile/virginia-retirement-system

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology