The Vermont Pension Investment Commission, Montpelier, committed $30 million to the Siguler Guff Small Buyout Opportunities Fund VI on behalf of the $6.9 billion Vermont State Retirement Systems, according to Andy Cook, an investment analyst with the Vermont State Treasurer’s Office.
The commitment to the fund of funds was approved at a meeting Oct. 29 and represents VPIC’s third private equity investment with Siguler Guff, Mr. Cook said in an email. VPIC previously committed $50 million to Siguler Guff Small Buyout Opportunities Fund V in December 2021, following a $50 million commitment to Siguler Guff Small Buyout Opportunities Fund IV in April 2019.
As of Sept. 30, VPIC's allocation to private equity was 10.26%. Its target allocation to the asset class is 11%.
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 the Vermont State Employees’ Retirement System.