VSRS approves $100m in commitments

The US public pension has backed two private equity funds.

Institution: Vermont State Retirement Systems
Headquarters: Montpelier, US
AUM: $4.58 billion
Allocation to alternatives: 12.20%

Vermont State Retirement Systems has agreed to commit $50 million each to AG Direct Lending Fund IV and Kennedy Lewis Capital Partners II, a contact at the pension informed Private Equity International.

The $4.58 billion US public pension has a 10.0 percent target allocation to private equity that currently stands at 3.6 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the biotech, energy, technology and agribusiness sectors within the North American and Europe region.

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