Connecticut Retirement Plans & Trust Funds, Hartford, agreed to commit $425 million to five alternatives funds and is considering a commitment to a secondaries fund, said a news release issued by the office of Shawn T. Wooden, state treasurer and principal fiduciary of the $37 billion pension fund.
At the state investment advisory council's meeting in December, Mr. Wooden announced a commitment of up to $100 million to the Ares Real Estate Enhanced Income Fund, a real estate fund managed by Ares Management. He also announced a commitment of $100 million to Dover Street X and $50 million with Secondary Overflow Fund IV, both managed by HarbourVest Partners.
The fund commitments are subject to successful contract negotiations.
In November, Mr. Wooden announced a $100 million commitment to the JFL Equity Investors Fund V, managed by J.F. Lehman & Co., and a $75 million to the Georgian Partners Growth Fund. Contract negotiations for both commitments were closed in December.
In addition, the council reviewed a potential commitment of up to $75 million to the Hollyport Secondary Opportunities Fund VII, a secondaries fund managed by Hollyport Capital that acquires minority stakes in private equity funds and indirect interests in underlying portfolio companies.
