Connecticut Retirement Plans & Trust Funds, Hartford, made two new commitments totaling $261 million.
Shawn T. Wooden, state treasurer and principal fiduciary of the $40 billion state pension system, announced at the state’s investment advisory council Wednesday his decision to commit £100 million ($136 million) to Livingbridge 7, a middle-market buyout fund; and $125 million to K5 Private Investors, a middle-market buyout fund managed by K1 Investment Management.
In addition, Mr. Wooden told the council that he is considering two investment opportunities: a $125 million commitment to One Rock Capital Partners III, a middle-market buyout fund; and a commitment of $100 million to Insight Partners Opportunities Fund I, a growth fund that targets investment opportunities in the software sector.
The timeframe for making the commitments were not disclosed.