The Vermont Pension Investment Committee (VPIC) is considering a $50 million follow-on commitment to the Kennedy Lewis Fund III, according to meeting materials from the July 26 meeting.
Staff and consultant, RVK, have recommended the new $50 million commitment to Fund III which would complete the pacing plan of $170 million in commitments to Private & Alternative Credit for 2022.
The VPIC previously committed $50 million to Kennedy Lewis Capital Partners Master Fund II in 2020.
Fund III will invest in illiquid public, private, performing, and distressed opportunities in the US and Europe.
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