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Vermont State Retirement System approves $35m commitment

The US public pension has backed a North American real estate fund.

Institution: Vermont State Retirement System
Headquarters: Montpelier, United States
AUM: $4.16bn
Allocation to alternatives: 11.00%
Bitesize: $10-50m

Vermont State Retirement System has committed $35 million to Blue Vista Real Estate Partners V, according to the pension’s latest meeting minutes. The value-add fund is managed by Blue Vista Capital Management.

The $4.16 billion US public pension has an 8.0 percent target allocation to real estate that currently stands at 6.50 percent.

As illustrated in the charts below, Vermont State Retirement System has made five commitments to real estate funds since 2013, which combined constitute $233 million.

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