Connecticut approves $325m in commitments

The US public pension has backed three private equity funds in its latest round of commitments.

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, US
AUM: $43.08 billion
Allocation to alternatives: 20.2%

Connecticut Retirement Plans and Trust Funds confirmed $325 million-worth of commitments to three private equity funds at its June 2021 investment advisory committee meeting, a contact at the pension informed Private Equity International.

The commitments comprised $150 million to Vistria Fund IV, $100 million to Avance Investment Partners and $75 million to a co-investment vehicle managed by Hg.

Connecticut has a 10 percent target allocation to private equity that currently stands at 8.1 percent.

As illustrated below, the $43.08 billion US public pension’s recent private equity commitments have targeted global funds focused on investments in TMT, financial services and business services.

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