Connecticut Retirement Plans and Trust Funds, Hartford, committed up to $50 million to private equity fund SW Pelham II, pending contract negotiations, said Bernard Kavaler, spokesman for the $20 billion system. SW Pelham, which will do mezzanine investments in midmarket companies, is the second private equity commitment made by state Treasurer Denise L. Nappier. The first, made a year ago, was a $100 million commitment to the KKR Millennium fund.
Funding will come from cash, said Susan Sweeney, the system’s CIO.
