Vermont State Retirement System approves $125m in commitments

The US public pension has backed two North American agricultural funds.

Institution: Vermont State Retirement System
Headquarters: Montpelier, United States
AUM: $4.50bn
Allocation to alternatives: 10.40%
Bitesize: $50-100m

Vermont State Retirement System has approved commitments of up to $100 million to Nuveen’s open-ended Global Farmland Fund and up to $25 million to Pontifax Global Food & Agriculture Technology Fund II, a contact at the pension confirmed to Agri Investor.

As illustrated below, these are Vermont State Retirement System’s inaugural commitments to agriculture funds.

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