Connecticut Retirement Plans & Trust Funds, Hartford, hired StepStone Group to provide private investment fund consulting services to the $29.6 billion system.
StepStone was one of three finalist firms, including incumbent Franklin Park Associates and TorreyCove Capital Partners.
Franklin Park’s contract expires Sept. 30. The firm has been the private investment fund consultant since 2004.
The private investment fund portfolio, which consists of a number of externally managed funds invested across venture capital and corporate finance private equity strategies, had $2.6 billion as of Sept. 30.
