Searches and Hires

Connecticut fixes $90 million for 2 funds, considers committing $90 million to another

Connecticut Retirement Plans & Trust Funds, Hartford, committed to two funds and is considering a commitment to another, said Denise L. Nappier, state treasurer and principal fiduciary of the $34 billion pension fund.

At the investment advisory council meeting Wednesday, Ms. Nappier announced a commitment of up to $50 million to Balance Point Capital Partners III, a private debt and equity co-investment fund, and a commitment of up to $40 million to RFE Investment Partners IX, a lower-middle-market buyout fund.

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

In addition, Ms. Nappier announced she is considering committing up to €75 million ($90 million) to ICG Europe Fund VII, a middle-market mezzanine fund managed by Intermediate Capital Group.

The pension fund had a 9% allocation to private equity as of Sept. 30.