Connecticut Retirement Plans and Trust Funds has approved a commitment of up to $65 million to Basis Investment Group Real Estate Fund I, which will originate and acquire debt and preferred equity primarily for stabilized and transitional commercial real estate assets located throughout the United States.
The $33 billion US public pension has a 21 percent target allocation to real estate that currently stands at 20.9 percent.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.
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