HarbourVest receives commitment from Vermont Retirement System

The US public pension has backed HarbourVest's private equity-focused secondaries fund.

Institution: Vermont State Retirement System
Headquarters: Montpelier, United States
AUM: $4.16bn
Allocation to alternatives: 11.0%
Bitesize: $10-50m

Vermont State Retirement System has approved a commitment of up to $100 million to HarbourVest Partners’ Dover Street X, a contact at the pension fund confirmed to Secondaries Investor. Dover Street X is a private equity-focused secondaries fund.

The US public pension has previously made commitments to two of Dover Street X’s predecessors: $25 million to Dover Street VIII and $40 million to Dover Street IX.

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