Vermont Pension Investment Committee, Montpelier, committed $30 million to HarbourVest Partners’ Dover Street IX, a secondary private equity fund, for the $3.7 billion Vermont State Retirement Systems, recently released committee minutes said.
The committee has invested previously with HarbourVest Partners, but this is its first commitment to a Dover Street fund.
Separately, the committee named Steve Jeffrey as interim chair, effective Jan. 1. Mr. Jeffrey will replace Chairman Stephen Rauh, who is retiring at the end of the year. Mr. Jeffrey retired as executive director of the Vermont League of Cities and Towns in July.
Mr. Rauh did not reply to a request for further information by press time.
