Connecticut pledges $125 million to 2 funds, eyes another commitment

Connecticut Retirement Plans & Trust Funds, Hartford, committed a total of $125 million to private equity and real estate funds, and is considering committing to another real estate fund, said Denise L. Nappier, state treasurer and principal fiduciary of the $31.5 billion pension fund.

At the investment advisory council meeting Wednesday, Ms. Nappier announced a commitment of up to $50 million to Altaris Health Partners IV, a buyout fund managed by Altaris Capital Partners that focuses on investments in companies with potential for growth, operating across the health-care industry, including pharmaceutical, medical devices and diagnosis. The fund also will invest in leveraged buyout, corporate carve-out and growth equity instruments. The pension fund previously committed to Altaris Health Partners I, II and III.

Ms. Nappier also decided to make a commitment of up to $75 million to H/2 Special Opportunities IV, a U.S. high-return commercial real estate debt fund managed by H/2 Capital Partners that will primarily focus on special situation credit investments in commercial real estate.

The commitments are contingent upon successful negotiation of the contract terms and partnership documents.

Also at the meeting, Ms. Nappier announced she is considering an investment of up to $65 million to Landmark Real Estate Partners VIII, a secondary real estate fund managed by Landmark Partners. CRPTF previously committed to Landmark Real Estate Fund VII.