Vermont Pension Investment Committee, Montpelier, committed $35 million to Blue Vista Real Estate Partners Fund V, a U.S. value-added fund managed by Blue Vista Capital Partners.
The committee approved the commitment for the $4.1 billion Vermont State Retirement Systems at its July 23 meeting, according to recently released committee minutes.
The retirement systems' target allocation to core real estate is 5%.
Eric Henry, chief investment officer, could not be immediately reached to provide further information.
