Connecticut Retirement commits $125 million to buyout, real estate funds

Connecticut Retirement Plans & Trust Funds, Hartford, committed a total of $125 million to two private equity funds, said Denise Nappier, state treasurer and principal fiduciary for the $30.1 billion pension fund, in an e-mail.

At the state's investment advisory council meeting Wednesday, Ms. Nappier announced a decision to commit up to $75 million to JFL Equity Investors IV, a buyout fund focused on defense, aerospace, maritime industries and related businesses managed by J.F. Lehman & Co. , and $50 million to Gerding Edlen Green Cities III, an opportunistic real estate fund managed by Gerding Edlen Development.

The pension fund invested in JFL Equity Investors III and Gerding Edlen Green Cities II.

The commitments are contingent upon successful negotiation of the contract terms and partnership documents.