Connecticut Retirement Plans & Trust Funds, Hartford, committed a total of $221 million to three funds and is considering committing a total of $145 million to two buyout funds, said Denise L. Nappier, state treasurer and principal fiduciary of the $34.2 billion pension fund.
At the investment advisory council meeting Wednesday, Ms. Nappier announced a commitment of up to €80 million ($96 million) to BC European Capital X, a buyout fund managed by BC Partners.
She also announced a commitment of up to $75 million to Clearlake Capital Partners V, a fund managed by Clearlake Capital Group that targets opportunistic debt and equity investments in North American middle-market companies undergoing change and/or in undeserved industries.
Finally, Ms. Nappier announced a pledge of up to $50 million to Owl Rock Capital Corp., managed by Owl Rock Capital Partners, a business development company that specializes in making loans to middle-market companies in the U.S. across various sectors.
The commitments are contingent upon successful negotiation of the partnership documents.
Also at the meeting, Ms. Nappier announced she is considering committing up to €80 million to EQT VIII, a buyout fund, and up to $50 million to Siris Partners IV, a buyout fund managed by Siris Capital Group.
Ms. Nappier announced on Jan. 3 that she will not seek re-election as state treasurer this year.