VSRS approves $100m in commitments

The US public pension has backed two private debt funds.

Institution: Vermont State Retirement Systems
Headquarters: Montpelier, US
AUM: $4.58 billion
Allocation to alternatives: 12.20%

Vermont State Retirement Systems has agreed to commit $50 million each to AG Direct Lending Fund IV and Kennedy Lewis Capital Partners II, a contact at the pension informed Private Debt Investor.

The $4.58 billion US public pension has a 10.0 percent target allocation to private debt that currently stands at 2.1 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the corporate sector within the North American and Europe regions.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.