Asset Owner Directory

Virginia Retirement System

The Virginia Retirement System, an independent state agency based in Richmond, delivers retirement and other benefits to covered Virginia public sector employees through sound financial stewardship and superior customer service. VRS ranks as the 18th largest public or private pension fund in the U.S. and the 41st largest in the world, serving more than 742,000 active and inactive members, retirees and beneficiaries. Members include public school teachers, political subdivision employees (cities, towns, special authorities and commissions), state agency employees, public college and university personnel, state police, Virginia law officers and the judiciary. Approximately 837 employers have elected to participate in VRS.

Country

United States

AUM ($B)

$84

Performance

1.4

Chief Executive

Patricia Bishop

Chief Investment Officer

Ronald Schmitz

Chair

O’Kelly McWilliams

Asset allocation
Despite the economic crisis caused by the global pandemic, VRS achieved a 1.4% net return on its investment portfolio, allowing the VRS-managed portfolio to end the fiscal year with $83.7 billion.

37.2% Public Equity

16.8% Fixed income

13.8% Credit Strategies

13.8% Real Assets

12.5% Private Equity

1.5% Private Investment Partnerships

3% Multi-Asset Public Strategies

1.4% Private Investment Partnerships

% Cash

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