Searches and Hires

Connecticut slates $150 million for alternatives, eyes $75 million infrastructure commitment

Connecticut Retirement Plans & Trust Funds, Hartford, committed a total of $150 million to two alternatives funds and is considering committing $75 million to one other, 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 commitments of up to $75 million each to Crescent Direct Lending Levered Fund II, managed by Crescent Capital Group, and Wellspring Capital Partners VI, a generalist buyout fund managed by Wellspring Capital Management.

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

Also at the meeting, Ms. Nappier announced she is considering an investment of up to $75 million to ISQ Global Infrastructure Fund II, an alternative investment fund managed by I Squared Capital, which focuses on middle-market opportunities in the energy, utilities and transportation sectors.