Weekender

The Virginia Retirement System made $1.325 billion in commitments and mandates across private equity, asset-based credit, public equities and growth companies, according to materials from its Oct. 15 board meeting. The largest single award was a $400 million mandate to J.P. Morgan Hybrid Growth, which invests in both public and private growth companies. It sits

Asset managers are working to sell private equity and private credit to everyday investors, and many of those investors want in. But a new Deloitte survey suggests the people most eager to buy these products often don’t understand how they work, and the way they invest may not fit them. Deloitte surveyed 1,049 U.S. retail

KKR has agreed to sell Infinity Transportation to funds managed by Ares Management at an enterprise value of approximately $2.9 billion, transferring a major North American railcar leasing platform to Ares’ infrastructure and insurance investment businesses. The buyers are Ares Infrastructure Equity and Ares Insurance Solutions funds. Atlanta-based Infinity owns and manages approximately 50,000 railcars