Institution: Vermont State Retirement Systems
Headquarters: Montpelier, United States
Allocation to alternatives: 12.20%
Vermont State Retirement Systems has approved a $70 million commitment to NB Secondary Opportunities Partners V, a contact at the pension informed Secondaries Investor.
NB Alternatives’ fifth series secondaries vehicle is in market targeting $3 billion.
As illustrated below, the $4.58 billion US public pension is a repeat investor to HarbourVest Partners’ secondaries series, having previously committed a combined $165 million to Dover Street funds VIII through X.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.