The Vermont Pension Investment Committee approved two allocations to private equity and private credit, according to notes from their September 26th meeting.
In private equity, $25 million was committed to the JP Morgan PEG Secondary Fund.
In private credit, $75 million was committed to the KKR Direct Lending Evergreen Fund.
As of September 30, 2023, the $5.8 billion pension fund has an actual and target allocation to private equity of 10.7% and 10% respectively. The actual and target allocation to private debt was 8.75% and 10% respectively.
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