Connecticut Retirement confirms $260m in commitments

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

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, United States
AUM: $32.30bn
Allocation to alternatives: 22.20%
Bitesize: $50-100m

Connecticut Retirement Plans and Trust Funds has confirmed $260 million-worth of private equity commitments across three vehicles, a contact at the pension informed Private Equity International. The commitments were confirmed at the pension’s May 2020 investment advisory council meeting, having being initially presented to council members at the previous month’s meeting.

The commitments comprise of €55 million ($60 million) to Hg Genesis 9 and $100 million apiece to Hg Saturn 2 and Altaris Health Partners V.

The $32.30 billion US public pension has a 10.0 percent target allocation to private equity that currently stands at 7.0 percent.

As illustrated below, Connecticut Retirement’s five previous private equity commitments have targeted three buyout funds, a distressed fund and a secondaries vehicle.

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