Connecticut Retirement Plans & Trust Funds, Hartford, disclosed up to $450 million in commitments for the pension fund's private equity portfolio.
Erick Russell, state treasurer and principal fiduciary of the $56.8 billion state pension fund, announced the commitments Sept. 11 at a meeting of Connecticut's Investment Advisory Council, according to a news release.
CRPTF committed up to $200 million to Hollyport Secondary Opportunities IX, a secondaries fund managed by Hollyport Capital; up to $150 million to Insight Partners Opportunities Fund II co-investment sidecar; and up to $100 million to Insight Partners Opportunities Fund II, a private equity growth expansion fund also managed by Insight Partners.
The pension fund previously committed $125 million to Hollyport Secondary Opportunities VIII in 2022 and $100 million to Insight Partners Opportunities Fund I in 2021.
As of June 30, the pension fund had an actual allocation of 11.3% to private equity, with a 15% target.
