Connecticut Retirement Plans & Trust Funds, Hartford, announced alternative fund commitments totaling just over $1.1 billion.
Shawn T. Wooden, state treasurer and principal fiduciary of the $42.2 billion state pension system, announced at the state's Wednesday investment advisory council meeting his decision to make the commitments within the pension fund's private credit, private infrastructure and natural resources, private real estate and private investment portfolios, said a news release from Mr. Wooden's office on Thursday.
Within the private credit portfolio, Mr. Wooden committed $300 million to customized private credit fund SLR Capital – CRPTF Credit Partnership, managed by SLR Capital Partners, and $100 million each to Centre Lane Credit Partners III, a special situations fund managed by Centre Lane Partners, and Vistria Structured Credit Fund I, a private credit fund managed by Vistria Group.
Within private infrastructure and natural resources, he committed $150 million to Paine Schwartz Food Chain Fund VI, an agriculture private equity fund managed by Paine Schwartz Partners, and made a follow-on commitment of $100 million to IFM Global Infrastructure Fund, an open-end core infrastructure fund managed by IFM Investors. For the latter fund, the pension fund originally committed a total $200 million.
Within private real estate, Mr. Wooden committed $125 million each to value-added real estate fund Artemis Real Estate Partners IV and IPI Partners Fund III, a fund that invests in data centers that is managed by a joint venture of ICONIQ Capital and Iron Point Partners.
Finally, within private investments, Mr. Wooden committed $125 million to Bregal Sagemount Fund IV, a growth equity fund managed by Bregal Investments.
