Searches and Hires

Vermont slates $150 million for private equity

Vermont Pension Investment Committee, Montpelier, made two new commitments totaling $150 million for the $4.5 billion Vermont State Retirement Systems, CIO Eric Henry said in an email.

The committee at its meeting Tuesday approved commitments of $100 million to Dover Street X, a secondary private equity fund of funds managed by HarbourVest Partners, and $50 million to Siguler Guff Small Buyout Opportunities Fund IV, a buyout fund managed by Siguler Guff & Co.

The committee previously committed $30 million to HarbourVest International Private Equity Partners VIII Partnership and $15 million to Siguler Guff Distressed Real Estate Opportunities Fund IIA, both in 2016.

The pension funds' target allocation to private equity is 10%.