Connecticut confirms $250m in commitments

The US public pension has backed vehicles managed by Clearlake Capital Group.

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, US
AUM: $44 billion
Allocation to alternatives: 22.9%

Connecticut Retirement Plans and Trust Funds has approved $250 million in commitments across two Clearlake Capital Group managed funds, according to the pension’s February meeting minutes. The pension will invest $125 million each in Clearlake Capital Partners VII and Clearlake Opportunities Partners III.

CRPTF has previously invested in other Clearlake Capital Partners’ funds. The pension invested $75 million into its predecessor fund Clearlake Capital Partners VI.

The $44 billion US public pension’s recent private equity commitments have included predominantly North American and global focused vehicles, as illustrated below.

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