Vermont Pension Investment Commission, Montpelier, committed $10 million to Cambridge Associates Secondaries Aggregation Vehicle on behalf of the $5.3 billion Vermont State Retirement Systems, according to Andy Cook, an investment analyst with the Vermont State Treasurer's Office.
The overseer of Vermont's three largest pension funds made the commitment to the private equity fund managed by Cambridge Associates at a VPIC meeting Dec. 13, Mr. Cook confirmed in the email.
The commitment was VPIC's first with Cambridge Associates.
As of Sept. 30, VPIC's allocation to private equity was 10%. Its target allocation is also 10%.