The Virginia Retirement System (VRS) announced new commitments at its June 20 meeting.

For real assets, the nearly $60 billion retirement system chose to invest in North American infrastructure investor Stonepeak Infrastructure Partners and Brookfield Asset Management. The commitment values include $100 million each to Stonepeak and Brookfield.

VRS also decided to invest in the global energy-focused private equity and infrastructure investment firm First Reserve. First Reserve XIII was granted a $200 million investment.

All commitments were approved through the April-May period. According to VRS's Annual Report, 8 % of the funds in the portfolio are allocated to real assets.

In August 2012, VRS invested $300 million to IFM Global Infrastructure Fund, managed by Industry Funds Management, and $150 million to Global Infrastructure Partners Fund II, managed by GIP.