Connecticut Retirement confirms $150m commitment

The US public pension has backed Rockpoint Group's sixth series value-add vehicle.

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, United States
AUM: $32.30bn
Allocation to alternatives: 22.20%
Bitesize: $50-100m

Connecticut Retirement Plans and Trust Funds has approved a $150 million commitment to Rockpoint Real Estate Fund VI, a contact at the pension informed PERE. The commitment was confirmed at the pension’s May 2020 investment advisory council meeting, having being initially presented to council members at the previous month’s meeting.

The $32.30 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 6.70 percent.

As illustrated below, Connecticut Retirement’s last five real estate commitments have been to funds with a variety of investment strategies. Two of the vehicles receiving commitments have been targeting core-plus returns, with the remaining vehicles pursuing debt, value-add and opportunistic strategies.

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