Vermont Pension Investment Commission, Montpelier, committed $10 million to Accel-KKR Growth Capital Partners IV on behalf of the $5.8 billion Vermont State Retirement Systems, according to Andy Cook, an investment analyst with the Vermont State Treasurer's Office.
The commitment to the private equity fund was approved at a meeting Tuesday and represents VPIC's first investment with Accel-KKR, Mr. Cook said in an email.
As of Sept. 30, the commission's allocation to private equity was 6.27%; its target is 10%.
The three pension funds that make up the Vermont State Retirement Systems are the Vermont Municipal Employees' Retirement System, Vermont State Teachers' Retirement System and Vermont State Employees' Retirement System.
