Connecticut Treasurer Denise L. Nappier, principal fiduciary for the $29.6 billion Connecticut Retirement Plans & Trust Funds, Hartford, is considering committing a total of up to $115 million to two alternatives funds.
Ms. Nappier proposed at the state’s investment advisory council meeting Wednesday committing up to $85 million to ArcLight Energy Partners Fund VI, an energy infrastructure fund managed by ArcLight Capital Partners that targets North American midstream and power assets.
Ms. Nappier also proposed a commitment of up to $30 million to Covenant Apartment Fund VIII, a value-added real estate fund managed by Covenant Capital Group that acquires, renovates and repositions apartment communities in Southeastern and mid-Atlantic states.
The pension fund is invested in two prior Covenant funds: Covenant Apartment Fund V and Covenant Apartment Fund VI. It is also is invested in ArcLight Energy Partners Fund V.