University of Vermont and State Agricultural College, Burlington, committed $5 million to Asia Alternatives Capital Partners V, a private equity fund of funds, for the $472 million endowment pool, said Jeffrey Wakefield, university spokesman, in an email.
The fund is managed by Asia Alternatives Management. The subcommittee previously committed $10 million to Asia Alternatives Capital Partners IV in 2014.
The actual allocation to private equity is 2.6%. The pool's overall target to private equity, venture capital and other alternative assets is 13%.