The Vermont Pension Investment Committee has approved two alternative investments totaling up to $60 million.
$30 million was committed to the real estate fund, Hammes Income & Growth Healthcare Fund.
In private equity, $30 million was committed to HarbourVest International Private Equity Partners X (HIPEP X).
As of February 28, 2023, the $5.6 billion Retirement System has an actual and target allocation to private equity of 9.61% and 10% respectively. The actual and target allocation to real estate is 6.67% and 7% respectively.
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