Searches and Hires

Connecticut commits to one private equity fund, eyes investments in 2 others

Connecticut Retirement Plans & Trust Funds, Hartford, committed to one private equity fund and is considering committing to two others, 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 $100 million to Landmark Equity Partners XVI, a fund managed by Landmark Partners that will invest in the private equity secondary market. The plan previously committed to Landmark Equity Partners XIV and XV.

This commitment is contingent upon successful negotiation of the partnership documents.

Also at the meeting, Ms. Nappier announced she is considering investments of up to $75 million each to Crescent Direct Lending Levered Fund II, managed by Crescent Capital Group, and Wellspring Capital Partners VI, managed by Wellspring Capital Management.