Connecticut commits to one Landmark fund, eyes investment in another

Connecticut Retirement Plans & Trust Funds, Hartford, committed to a real estate fund and is considering committing to a private equity fund, said Denise L. Nappier, state treasurer and principal fiduciary of the $31.5 billion pension fund.

At the investment advisory council meeting Wednesday, Ms. Nappier announced a commitment of up to $65 million to Landmark Real Estate Partners VIII, a secondary real estate fund managed by Landmark Partners. The pension fund previously committed to Landmark Real Estate Fund VII.

This commitment is contingent upon successful negotiation of the partnership documents.

Also at the meeting, Ms. Nappier announced she is considering an investment of up to $100 million to Landmark Equity Partners XVI, a fund managed by Landmark Partners that will invest in the private equity secondary market. The plan previously committed to Landmark Equity Partners XIV and XV.