Connecticut backs IPI Partners and Artemis Real Estate Partners

The Hartford-based public pension has made commitments to two value-add real estate funds.

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, US
AUM: $42.8 billion
Allocation to real assets: 13.3%

Connecticut Retirement Plans and Trust Funds confirmed $250 million in commitments across two private real estate vehicles at its November investment advisory council meeting

The pension committed $125 million to Artemis Real Estate Partners Fund IV and $125 million to IPI Data Center Partners Fund III. Artemis‘s fourth fund will be investing into North American opportunities across a variety of sectors including retail, office and healthcare. The fund will be targeting value-add returns. IPI Partner’s third fund launched earlier this year and will also be targeting value-add returns.

Connecticut’s private real estate portfolio is housed within its 13.3 percent allocation to real assets. As of September 2022, its real assets portfolio stood at $5.7 billion. As illustrated below, the $42.8 billion US pension’s recent real estate commitments have primarily focused on North American vehicles with value-add strategies.

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