Vermont State Employees' Retirement System

About Vermont State Employees' Retirement System

Vermont State Employees' Retirement System's investment portfolio is valued at $2.5 billion as of December 31, 2021, with investments in equities, hedge funds, fixed income, private equity, real estate, real assets, natural resources, infrastructure, cash, and other alternative asset classes. The fund's investment portfolio return for the quarter, 1 year, 3 years, 5 years, and 10 years, is 4.21%, 14.03%, 14.72%, 10.71%, and 8.46%, compared to the policy index of 3.47%, 13.37%, 14.26%, 10.28%, and 8.15%, respectively. As of December 31, 2021, the private equity portfolio was valued at $297.78 million, representing 11.9% of the total portfolio. There is an increase compared to September 30, 2021, when the private equity portfolio was valued at $263.5 million. The private equity portfolio is currently underweight compared to the target allocation of 20%. Investments in private equity include buyouts, private debt, co-investment, fund of funds, diversified private equity, private equity growth expansion, and venture capital strategies diversified in geographical locations across the United States, Europe, the Americas, Asia, and the Middle East. The plan's investments are governed by the board of trustees, with Mr. Roger Dumas serving as Chairman of the Board of Trustees. RVK serves as the LP Consultant.