Connecticut Retirement Plans & Trust Funds, Hartford, committed up to $150 million to a real estate fund and a private equity separate account, 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 $100 million to Artemis Real Estate Partners Income and Growth Fund, a real estate fund that will primarily focus on small- to middle-market assets in primary and secondary spaces.
Ms. Nappier also announced allocating up to $50 million to Connecticut Private Equity Horizons Fund, a separate account managed by Muller & Monroe Asset Management that would focus on small- and middle-market growth equity and buyout funds managed by women- or minority-owned, emerging or Connecticut-based investment firms. The investment would be part of the state's $3 billion private investment fund within the Connecticut Horizon Fund initiative.
The state's private investment fund portfolio consists of a number of externally managed funds invested across venture capital and corporate finance private equity strategies.
The allocations are contingent upon successful negotiation of the partnership documents.