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Whitehorse Liquidity Partners receives commitment from VRS

The US public pension has made its first known secondaries fund commitment in over a decade.

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Institution: Virginia Retirement System
Headquarters: Richmond, US
AUM: $92.1 billion
Allocation to alternatives: 25.3%

Virginia Retirement System confirmed a $400 million commitment to Whitehorse Liquidity Partners IV at its April 2021 investment advisory committee meeting, a contact at the pension informed Secondaries Investor.

Whitehouse Liquidity Partners‘ fourth private equity secondaries vehicle remains in market raising capital and has raised $3.83 billion across various interim closes, surpassing its initial $3 billion target.

This commitment marks VRS’s first known allocation to a secondaries fund since committing $30 million to HarbourVest Partners‘ 2007-vintage Dover Street VII.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.