Vermont Pension Investment Commission, Montpelier, committed a total of $60 million to two alternatives funds on behalf of the $5.4 billion Vermont State Retirement Systems, according to Andy Cook, an investment analyst with the Vermont State Treasurer's Office.
VPIC committed $30 million to the HarbourVest International Private Equity Partners X Fund, or HIPEP X.
VPIC made the commitment to the private equity fund managed by HarbourVest Partners at a meeting Tuesday, Mr. Cook said in an email.
VPIC has made commitments to prior HIPEP funds, including an $80 million commitment to HIPEP IX in February 2021, according to VPIC meeting documents.
In addition, VPIC committed $30 million to the Hammes Income & Growth Healthcare Fund, a private real estate fund managed by Hammes Partners. VPIC previously committed $20 million Hammes Partners IV, in January 2022, Mr. Cook said.
As of Feb. 28, VPIC's allocations to private equity and core real estate were 9.6% and 4.2%, respectively. Their respective targets are 10% and 3%.