Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, United States
Allocation to alternatives: 21.4%
Connecticut Retirement Plans and Trust Funds approved a $100 million commitment to Ares Management’s open-ended Real Estate Enhanced Income Fund at its December 2019 investment advisory committee meeting, a contact at the pension informed PERE.
The $34.93 billion US public pension has a 7.0 percent target allocation to real estate that currently stands at 6.20 percent.
As illustrated below, Connecticut has made four commitments to real estate funds with a 2018 or 2019 vintage, which combined constitute $375 million.
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