Vermont PIC Considering $30M Investment in Siguler Guff Buyout Fund VI

Vermont Pension Investment Commission (VPIC) could invest again in Siguler Guff’s Small Buyout Opportunities Fund (SBOF) strategy with an initial investment of $30M in its latest Fund VI.

In recently published materials from its September 24 meeting, VPIC said it and consultant RVK intend to Siguler Guff to present on its new fund at the pension’s next meeting on October 29.

SBOF VI will target small- to lower-middle-market US companies on a fund size of $2.2B with an operating period of 12 years. The fund’s target size is a $300M increase from the $1.9B target of its predecessor Fund V, which the pension has also invested in along with Fund IV for $50M each.

VPIC has committed $60M in private equity year to date against a pacing target of $90M for the current year. As reported by Dakota in March, the pension allocated $20M each to private equity strategies Nautic Partners Fund XI and Harbourvest Partners Co-Investment Fund VII, as well as early-stage fund HarbourVest Partners Venture XIII.

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