Vermont Pension Investment Committee, Montpelier, committed $75 million to Benefit Street Partners Senior Secured Opportunities Fund II for the $4.1 billion Vermont State Retirement Systems, said Eric Henry, chief investment officer, in an email.
The committee approved the commitment to the direct lending fund at its June 25 meeting.
The committee previously committed $70 million to Benefit Street Partners Senior Secured Opportunities Fund in 2017.
As of Dec. 31, the actual allocation to private debt was 1.8%; the target is 5%.
