@Jim Kring @Yann Report from my adventures with IT. Short term solution: We found that it was the Cybereason ActiveProbe service that caused the run error. If that service was disabled, VIPM can launched without issue. Long term solution: IT assigned a policy to my machine that disabled some Cybereason monitoring for .NET (they were vague). I was then able to use VIPM while ActiveProbe was running. That's as specific as they were willing to get. Hope this helps!
Did whitelisting those folders fix the issue? If not, did you find a fix? I'm running into the exact same issue, and I've confirmed that disabling Cybereason fixes it. Would love to have a fix that I could take to IT to implement.