Vermont commits up to $155 million to 2 private market funds Print Vermont Pension Investment Committee, Montpelier, committed up to $155 million to two alternative funds on behalf of the $5.3 billion Vermont State Retirement Systems, according to Andy Cook, an investment analyst with the Vermont State Treasurer's Office. At its meeting Tuesday, the committee approved an $80 million commitment to HIPEP IX Fund, a limited partnership investing in private equity assets in Europe and Asia-Pacific managed by HarbourVest Partners. It follows commitments of $60 million to HIPEP VIII in 2018 and $15 million to HIPEP VII in 2014, Mr. Cook said in an email. The committee also approved commitment of up to $75 million to Ares Pathfinder, a private credit fund managed by