Connecticut Retirement Plans & Trust Funds, Hartford, has made a commitment of up to $75 million to Levine Leichtman Capital Partners V, confirmed Denise Nappier, the state treasurer and principal fiduciary of the $26.8 billion state pension system.
In an e-mail, Ms. Nappier wrote that the commitment is subject to successful contract negotiations. She announced her decision at a meeting Wednesday of the state's investment advisory council.
The LLCP fund will focus on middle-market debt and equity securities, according to an April 19 report prepared by the treasurer's office. The pension system made a $75 million commitment to another LLCP private equity fund in 2008.