Vermont PIC to Commit $50M Kennedy Lewis PC Fund IV

The Vermont Pension Investment Committee (VPIC) is committing $50M to the fourth-generation Kennedy Lewis opportunistic fund, according to agenda materials related to the pension’s December 10 meeting.

The commitment to Kennedy Lewis Capital Partners IV will be a follow-on to the pension’s allocation of the same size to predecessor funds II and III. Staff and pension consultant RVK recommended the allocation to maintain exposure in alternative credit, which holds a 5% target weight.

Per latest Dakota data, VPIC oversees total plan assets valued at $6.3B.

Written By: Dakota

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