Vermont Targeting $75M to Real Estate

The Vermont Pension Investment Committee has recently reviewed the 2024 real estate commitment pacing target with investment consultant, RVK.

RVK is recommending annual commitments of $100 million; $50 million to a closed-end fund and $50 million to an evergreen fund.

VPIC previously committed $75 million in 2023 to the KKR US Direct Lending Evergreen Fund.

As of September 30, 2023, VPIC allocates 8.9% to private credit with a target allocation of 10%.

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