Connecticut Retirement Plans approves $125m commitment

The US public pension has backed WCAS' 13th US-focused buyout fund.

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, United States
AUM: $35.0bn
Allocation to alternatives: 21.80%
Bitesize: $50-100m

Connecticut Retirement Plans and Trust Funds has approved a $125 million commitment to WCAS XIII, according to materials from the pension’s May investment advisory committee meeting.

The $35.0 billion US public pension has a 10.70 percent target allocation to private equity that currently stands at 6.60 percent.

As illustrated in the charts below, Connecticut Retirement Plans has committed to six private equity funds with a 2018 vintage which combined constitute $537 million.

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