Connecticut Retirement Plans & Trust Funds, Hartford, disclosed more than $1.6 billion in commitments across its private infrastructure and natural resources, private real estate, private equity and private credit portfolios.
Erick Russell, state treasurer and principal fiduciary of the $59.53 billion state pension fund, announced the commitments on Dec. 4 at a meeting of Connecticut's Investment Advisory Council, according to a news release.
Within private infrastructure and natural resources, CRPTF committed up to $200 million to ISQ Global Infrastructure Credit Fund II, an infrastructure and natural resources fund managed by I Squared Capital; and up to $300 million to the Morgan Stanley CRPTF Co-Investment infrastructure series.
In 2020, CRPTF committed up to $150 million to ISQ Global Infrastructure Fund III.
As of Sept. 30, CRPFT had an actual allocation of 3% to infrastructure and natural resources, with a 7% target.
Within private real estate, CRPTF committed up to $150 million to the Morgan Stanley CRPTF Co-Investment real estate series.
As of Sept. 30, CRPFT had an actual allocation of 6.1% to real estate, with a 10% target.
Within the private equity portfolio, CRPTF committed up to $450 million to Ardian CT Private Equity Partners, a private investment fund.
As of Sept. 30, CRPFT had an actual allocation of 11% to private investments, with a 15% target.
Within private credit, CRPTF committed up to $300 million to CRPTF-SLR Credit Partnership, a direct lending fund managed by SLR Capital, and up to €215 million ($227 million) to ICG Europe Fund IX, a private credit fund managed by Intermediate Capital Group.
In early 2024, CRPTF had committed €150 million to ICG Europe Mid-Market Fund II.
As of Sept. 30, CRPFT had an actual allocation of 5.2% to private credit, with a 10% target.
CRPTF could not be immediately reached for further details.