Vermont Pension Commits $100M to Private Equity, Private Credit

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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