Return to search

Exclusive: Connecticut Retirement to maintain pacing of fund commitments

The US public pension intends to continue financing private markets investments.

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, United States
AUM: $37.63bn
Allocation to alternatives: 21.50%
Bitesize: $50-100m

Connecticut Retirement Plans and Trust Funds is intending to maintain the pace of its private markets fund commitments in the light of Covid-19, a contact at the pension informed PERE. The Office of the Connecticut State Treasurer, which oversees the combined Retirement Plans and Trust Funds, has a strategic plan for committing private capital and will continue with that plan for the foreseeable future.

The $37.63 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 6.20 percent. Connecticut Retirement is also an active private equity investor, as well as investing in other asset classes such as infrastructure, energy and timber out of its alternative investment portfolio.

As illustrated below, Connecticut has made four commitments to real estate vehicles with a 2018 or 2019 vintage, which combined constitute $375 million.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.