Institution:Â Connecticut Retirement Plans and Trust Funds
Headquarters:Â Hartford, US
AUM: $41.07 billion
Allocation to alternatives:Â 19.2%
Connecticut Retirement Plans and Trust Funds approved $225 million-worth of commitments to private equity funds at its February 2021 investment advisory council meeting, a contact at the pension told Private Equity International.
The commitments comprised $125 million to One Rock Capital Partners III and $100 million to Insight Partners Opportunities Fund I. Both funds have exceeded their equity capital fundraising targets.
Connecticut has a 10 percent target allocation to private equity that stood at 7.6 percent as of 31 December 2020, the most recently available data.
The $41.07 billion US public pension’s recent private equity commitments have been predominantly to North America-focused funds pursuing a variety of investment strategies.
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