Publications

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Vermont seeks new noncore real estate manager

by Reg Clodfelter

The Vermont Pension Investment Committee (VPIC) is currently accepting proposals from investment firms to manage a noncore real estate mandate (value-add, opportunistic and/or real estate debt) for the system’s $3.7 billion pension fund. VPIC is willing to commit as much as $36 million to either one or multiple managers.

According to a report from NEPC, VPIC’s investment adviser, potential investment managers must have raised a minimum of one prior real estate fund and must be targeting a fund that has a size of at least $150 million and a target close date no earlier than March 2014. Additionally, the manager must work with VPIC and NEPC to conduct due diligence.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?