Connecticut Retirement Plans & Trust Funds, Hartford, committed a total of $110 million to two funds and is considering committing a total of $219 million to three others, 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 $75 million to Crow Holdings Realty Partners VIII, a real estate fund managed by Crow Holdings Capital Partners.
She also announced a commitment of up to $35 million to Aldrich Capital Partners Fund, a private investment fund that focuses on lower-middle-market opportunities in the health-care information technology, financial technology and application software sectors.
The commitments are contingent upon successful negotiation of the partnership documents.
Also at the meeting, Ms. Nappier announced she is considering committing $94 million to BC European Capital X, a buyout fund managed by BC Partners; up to $75 million to Clearlake Capital Partners V, a fund managed by Clearlake Capital Group that targets opportunistic debt and equity investments in North American middle-market companies undergoing change and/or in undeserved industries; and $50 million to Owl Rock Capital Corp., managed by Owl Rock Capital Partners, a business development company that specializes in making loans to middle-market companies in the U.S. across various sectors.
