Connecticut approves $100m commitment to Cityview Real Estate Partners VII

The Hartford-based public pension has backed Cityview's seventh series value-add real estate fund.

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, Connecticut, US
AUM: $43.69 billion
Allocation to alternatives: 22.9%

Connecticut Retirement Plans and Trust Funds has announced a $100 million commitment to Cityview Real Estate Partners VII, according to a press release from state treasurer Shawn T Wooden.

Cityview Real Estate Partners VII is the latest vehicle by Cityview, an LA-headquartered investment firm that specializes in value-add and opportunistic investments in multifamily and mixed-use properties across the western US.

REP VII launched in 2021 and is seeking $400 million in investor capital. The fund will target North American value-add investment opportunities across the multifamily and residential sectors.

The $43.69 billion public pension allocates 12.6 percent of its investment portfolio to real assets.

As illustrated below, CRPTF’s recent real estate commitments have tended to focus on North American vehicles targeting value-add returns.

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