CONTRACTAWARDED

Virginia Retirement System (Political Subdivisions) Awards Financial Services Contract to Spectrum Xi (October 2026)

Virginia Retirement System (Political Subdivisions) logoVirginia Retirement System (Political Subdivisions)
Disclosed value
$145 Million
From agendapacket
Awarded
Oct 15, 2026
Term
6 years
Renews
Free account

The 30-second brief

What it covers

VRS hired Spectrum XI for a $145 million private equity commitment effective September 18, 2026. The six-year fund targets growth-stage software, artificial intelligence, and data companies.

Who holds it

Spectrum Xi holds this financial services contract with Virginia Retirement System (Political Subdivisions).

What happens next

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Contract details

Contract type
Financial Services
Amount
$145 Million
Document date
October 15, 2026
Term
6 years
Renews
On record
Vendor
Spectrum Xi
Source document
Virginia Retirement System AgendaPacket Board Meeting 2026-10-15 (AgendaPacket)

More Virginia Retirement System (Political Subdivisions) contracts

Questions about this contract

Who was awarded the financial services contract by Virginia Retirement System (Political Subdivisions)?

Spectrum Xi was awarded this financial services contract by Virginia Retirement System (Political Subdivisions), as recorded on October 15, 2026. The contract value is $145 Million.

How much is the Spectrum Xi contract with Virginia Retirement System (Political Subdivisions) worth?

The Spectrum Xi contract with Virginia Retirement System (Political Subdivisions) is valued at $145 Million, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Virginia Retirement System AgendaPacket Board Meeting 2026-10-15 (AgendaPacket), dated October 15, 2026 from Virginia Retirement System (Political Subdivisions). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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