Connecticut Retirement Plans & Trust Funds, Hartford, is considering a commitment to Welsh, Carson, Anderson & Stowe XII, a buyout fund, said Denise Nappier, state treasurer and principal fiduciary for the $29 billion pension fund.
At the investment advisory council’s meeting Wednesday, Ms. Nappier said she is considering committing up to $100 million to WCAS XII, which will primarily focus on upper middle-market opportunities, seeking higher risk-adjusted returns through buyout, restructuring and growth investments.
The pension fund committed $100 million to WCAS XI in 2009.
Ms. Nappier will make a final decision on the investment after the investment advisory council provides feedback. There is not a time frame for a final decision.