Connecticut Retirement Plans and Trust Funds approves $175m commitment

The US public pension has decided to support a real estate and private equity focused fund.

Connecticut Retirement Plans and Trust Funds has approved the feedback from the Investment Advisory Council to commit up to $75 million to Gerding Edlen Green Cities IV, which focuses on value-add and opportunistic investments in apartment and office properties in the US. The fund has also committed of up to $100 million to Fairview Constitution V, which focuses on co-investments in late and growth stage companies located in Connecticut.

The $33.63 billion US public pension has a 21 percent target allocation to private equity real estate that currently stands at 20.9 percent, and a 32 percent target allocation of private equity that currently stands at 27.8 percent.

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