Connecticut confirms $225m in commitments

The US public pension has backed a pair of domestic-focused private equity funds.

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, US
AUM: $41.07 billion
Allocation to alternatives: 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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