Connecticut approves $75m commitment

The US public pension has backed Clearlake's second series opportunities fund.

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, United States
AUM: $33.26bn
Allocation to alternatives: 21.80%
Bitesize: $50-100m

Connecticut Retirement Plans and Trust Funds has agreed to commit $75 million to Clearlake Opportunities Partners II, a contact at the pension informed Private Equity International.

The $33.26 billion US public pension has a 10.90 percent target allocation to private equity that currently stands at 7.20 percent.

As illustrated in the charts below, this is the first commitment Connecticut has made to a private equity fund with a 2019 vintage. The pension previously made six commitments to 2018 vintage funds, which combined constitute $537 million.

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