Connecticut confirms $150m in commitments

The US public pension has backed a pair of real estate vehicles.

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Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, US
AUM: $37.66 billion
Allocation to alternatives: 26.7%

Connecticut Retirement Plans and Trust Funds approved $150 million-worth of commitments to two real estate funds at its December 2020 investment advisory council meeting, a contact at the pension informed PERE.

The commitments comprised $100 million to IPI Data Center Partners Fund II and $50 million to TruAmerica Workforce Housing Fund.

The $37.66 billion US public pension has an 11.7 percent allocation to real assets, which houses Connecticut’s real estate and infrastructure investments.

As illustrated below, Connecticut’s recent real estate fund commitments have targeted North American vehicles targeting value-add or opportunistic returns.

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