Exclusive: Connecticut Retirement to maintain pacing of fund commitments

The US public pension intends to continue financing private markets investments.

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, United States
AUM: $37.63bn
Allocation to alternatives: 21.50%
Bitesize: $50-100m

Connecticut Retirement Plans and Trust Funds is intending to maintain the pace of its private markets fund commitments in the light of Covid-19, a contact at the pension informed Private Equity International. The Office of the Connecticut State Treasurer, which oversees the combined Retirement Plans and Trust Funds, has a strategic plan for committing private capital and will continue with that plan for the foreseeable future.

The $37.63 billion US public pension has a 10.0 percent target allocation to private equity that currently stands at 7.20 percent. Connecticut is also an active real estate investor, as well as investing in other asset classes such as infrastructure, energy and timber out of its alternative investment portfolio.

As illustrated below, Connecticut has made six commitments to private equity funds with a 2019 vintage, which combined constitute $450 million.

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