Vermont state pension funds commit $75m to HarbourVest
A HarbourVest Partners fund targeting Europe, Asia and emerging markets has received a $10 million commitment from the Vermont Pension Investment Committee (VPIC). It is part of a $75 million investment by the committee, which represents pension funds with $3.33 billion under management as of February 2012, in vehicles operated by HarbourVest.
In addition to the $10 million for HarbourVest HIPEP VII, $40 million will go to US-focused PE fund HabourVest Partners Fund IX and $25 million will go to secondaries vehicle HarbourVest Dover VIII. HarbourVest...
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