Vermont Pension Investment Committee, Montpelier, committed $10 million to Siguler Guff & Co.’s Distressed Real Estate Opportunities Fund II Co-Investment Fund for the $4 billion Vermont State Retirement Systems, said Stephen Rauh, chairman of the committee, in an e-mail.
The committee, which approved the commitment at its Aug. 25 meeting, previously committed $40 million to Distressed Real Estate Opportunities Fund II in February 2014.
“The new program is being structured as a rights offering to existing DREOF Fund II limited partners,” Mr. Rauh said. “Siguler Guff is planning to raise $250 million for this additional vehicle.”
