Connecticut Retirement Plans & Trust Funds, Hartford, committed $100 million to Starwood Global Opportunity Fund X, a real estate fund managed by Starwood Capital Group, said Denise Nappier, state treasurer and principal fiduciary for the $29.4 billion state pension system, in an e-mail.
The commitment was announced at Wednesday's meeting of the investment advisory council.
Starwood is targeting between $4 billion and $5 billion for Fund X. The fund will largely focus on opportunistic investing in global real estate.
The state treasurer's office previously committed a total of $150 million to three prior Starwood funds.
The Townsend Group, real estate investment consultant for the state treasurer's office, advised on the investment.
