Bio

Benton Burroughs and his colleagues have negotiated investment contracts with many private equity, real estate and hedge funds on behalf of our public pension system clients, such as the Virginia Retirement System, South Carolina Retirement System Investment Commission, Contra Costa County (CA) Employees Retirement Association, San Jose Federated Employee Retirement System, San Jose Police & Fire Retirement Plan, Santa Barbara County Employees Retirement System, Ventura County Employees Retirement Association, Norfolk Employees’ Retirement System, and Richmond Retirement System. Benton has been the primary outside investment and securities counsel for the state of Virginia Retirement System (“VRS”) since 1995. He has represented VRS in more than 600 private equity transactions and numerous SWAP transactions, totaling in excess of $90 billion. Additionally, Benton worked on the commencement of the hedge fund investment program and reviewed more than 120 hedge fund transactions where VRS has invested in excess of $1.6 billion. He has negotiated more than 275 investment advisory agreements and 800-plus partnership agreements where VRS is a limited partner in private equity transactions, strategic partnerships, real estate funds, buyout funds, rent asset funds, credit funds, real asset funds that include oil, gas, timber, infrastructure and energy, loan funds, venture capital funds or distressed funds. Benton has represented the cities of Norfolk and Richmond, Virginia, retirement systems in their alternative investment programs. Benton has also represented South Carolina Retirement System in more than 75 transactions in the Private Equity and Real Estate Private Equity Funds where they are an investor. Benton also has done more than 70 transactions for the San Jose Pension Funds in Private Equity in real estate, as well as big private equity funds, hedge funds and investment management contracts. In addition, Benton has represented Contra Costa County Employees’ Retirement Association in more than 100 transactions. Benton also has represented Frank Russell Capital in private equity work in its direct and separate funds, and in funds-to-funds transactions of 13 private equity transactions in the past several years. Benton has worked with other clients in the creation of hedge funds, provided advice on newly created private equity funds to be a part of a master feeder program, and formed more than six investment funds for in excess of $500 million in the fund raising. In addition, Benton has performed representation on specific issues for Federated Investors, and investment work for the University of Virginia, Georgetown University and Old Dominion University Foundation.