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 tTownsend Group, real estate investment consultant for the state treasurer's office, advised on the investment.