# Vermont Pension Investment Commission

Vermont Pension Investment Commission is a Pension Fund based in Montpelier, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Montpelier, United States
- **Region:** North America
- **Address:** Office of the State Treasurer, 109 State Street Suite 4, Montpelier, VT, United States
- **Assets under management:** 6870 (Altss estimate)
- **Website:** vpic.vermont.gov

## Regulatory record

- **Reports private funds:** No

## About

The Vermont Pension Investment Commission manages assets for the Vermont State Retirement System, Vermont State Teachers’ Retirement System, and Vermont Municipal Employees Retirement System. Funding comes from employee and employer contributions. Thomas Golonka chairs the commission. Allocations include private equity secondaries through HarbourVest Dover Street XII and Neuberger Berman Secondary Opportunities Fund VI. Real estate exposure covers industrial, student housing, and data center strategies via Harrison Street Fund X and UBS Trumbull Property Fund. Infrastructure commitments target renewables through Copenhagen Infrastructure Partners Fund V and IFM Net Zero Infrastructure Fund. Farmland investments include the Nuveen Global Farmland Fund with holdings across the United States, Australia, New Zealand, Brazil, Poland, Romania, and Chile. Geographic reach centers on North America with additional positions in Europe, Latin America, and Oceania. The commission maintains a staff led by CIO Eric Henry and Deputy CIO Katie Green. It reported $6.87 billion in assets. Service providers include RVK as general investment advisor and Meketa Investment Group for sustainable investment consulting since 2023. April 2024: Provided testimony to the Vermont legislature on the impacts of mandated fossil fuel divestment. The commission operates as a public pension fund with statutory fiduciary duties separate from state operating budgets. It participates in industry groups including the American Investment Council and Principles for Responsible Investment, where it has been a signatory since 2013.

## Sectors

- Infrastructure
- Real Estate
- Private Equity
- Agribusiness

## People

- Thomas Golonka — Chair
- Eric Henry — Chief Investment Officer
- Kimberly Gleason — Vice Chair
- Katie Green — Deputy Chief Investment Officer

## Questions

### Who runs investment decisions at Vermont Pension Investment Commission?

Eric Henry serves as Chief Investment Officer. Katie Green is Deputy Chief Investment Officer. Thomas Golonka chairs the commission.

### Does Vermont Pension Investment Commission participate in fund commitments or only direct deals?

The commission commits to funds as a limited partner. Holdings include Blue Owl Real Estate Fund VII, Harrison Street Fund X, and Copenhagen Infrastructure Partners Fund V.

### What asset classes does Vermont Pension Investment Commission target?

Allocations cover private equity, real estate, infrastructure, and farmland. Private equity includes secondaries and buyout strategies. Real estate spans core and non-core funds.

### Where does Vermont Pension Investment Commission invest geographically?

Core exposure is in the United States. Additional holdings reach Australia, New Zealand, Brazil, Poland, Romania, and Chile through farmland and infrastructure vehicles.

### How is Vermont Pension Investment Commission related to the State Treasurer?

The commission sits within the Office of the State Treasurer. Michael Pieciak serves as State Treasurer and master custodian.

## Related profiles

- [HII](https://altss.com/profile/hii)
- [Korea Venture Investment Corporation](https://altss.com/profile/korea-venture-investment-corporation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/vermont-pension-investment-commission

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