Searches and Hires

Connecticut commits $75 million to Anchorage Capital credit fund

Connecticut Retirement Plans & Trust Funds, Hartford, committed up to $75 million to Anchorage Illiquid Opportunities VI, a credit fund managed by Anchorage Capital Group, said Denise L. Nappier, state treasurer and principal fiduciary of the $34.2 billion pension fund.

Ms. Nappier announced the commitment at the investment advisory council's meeting Wednesday. This will be the first time the state has committed to an Anchorage Capital fund.

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

The pension fund had a 9% allocation to private equity as of Sept. 30, according to Pensions & Investments data.

Ms. Nappier announced Jan. 3 that she will not seek re-election as state treasurer this year.