The Vermont Pension Investment Commission (VPIC) has backed the Hammes Income & Growth Healthcare Fund with a $30 million commitment.
The healthcare real estate vehicle is managed by Hammes Partners, an investment platform dedicated solely to U.S. healthcare real estate investments. The firm has been investing in healthcare real estate on behalf of institutional and high-net-worth investors since 2001, according to Hammes’ website. Its investment capital is used to support healthcare providers’ strategic initiatives, including the development of new healthcare facilities and the monetization of existing assets, such as medical office buildings, ambulatory care centers and specialty clinics.
VPIC previously committed $20 million Hammes Partners IV in January 2022, IREI understands. The pension fund has a 7 percent allocation to real estate (4 percent noncore and 3 percent core) as of June 28, 2022.
VPIC could not be reached to comment on its investment at
