Fairfax County Pension System to Invest in VanEck's Crypto Fund

The Employees Retirement System and Police Officers Retirement System of Fairfax County, Virginia (USA) plans to invest in VanEck New Finance Income Fund, a crypto fund of management company VanEck, which has already made an initial commitment of $35 million. The fund is designed to seek income opportunities for investors via short-term lending arrangements with digital assets entities through a simplified approach that alleviates the operational burden of direct digital assets lending.