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Connecticut approves $150m commitment

The US public pension has backed Carlyle's 2017-vintage evergreen property fund.

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, United States
AUM: $37.63bn
Allocation to alternatives: 21.4%
Bitesize: $50-100m

Connecticut Retirement Plans and Trust Funds confirmed a $150 million commitment to Carlyle Property Investors fund at its February 2020 investment advisory committee meeting, a contact at the pension informed PERE. The open-ended vehicle is focused specifically on core-plus US property investments.

The $37.63 billion US public pension has a 10.0 percent target allocation to private equity that currently stands at 6.20 percent.

As illustrated below, Connecticut has a firm appetite for investing in open-ended real estate funds, having committed to three such vehicles since August 2019.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.