FUNDRAISING NEWS | July 23, 2024
The Vermont Pension Investment Committee has approved two commitments totaling $85 million according to materials from the June 25th Investment Commission meeting.
In private credit, $50 million was committed to AG Credit Opportunities Fund III. And within the real estate sleeve, $35 million was committed to IPI Partners III.
Additionally, the pension reviewed and made changes to their strategic asset allocation targets. The asset allocation targets that were changed include Emerging Market Debt, which decreased by 2% to 0%, Private Equity and Private Credit which both were increased by 1% to 11%, Private Core Infrastructure was also increased by 1% to 4%, and lastly, Core Real Estate was decreased by 1% to 3%.
Target allocations that were unchanged include Large/Mid Cap US Equity at 4%, Small Cap US Equity at 3%, Developed Large Mid/Cap International Equity at 5%, Global Equity at 32%, Non-Core Real Estate at 4%, US Agg Fixed Income at 19%, TIPS at 2%, and Agriculture/Farmland at 2%.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace! 
Helen Bascom is a Marketing Associate at Dakota.
