Connecticut Retirement Plans & Trust Funds, Hartford, made three new commitments totaling up to $350 million.
Shawn T. Wooden, state treasurer and principal fiduciary of the $43 billion state pension system, announced at the state's investment advisory council Wednesday his decision to commit up to $125 million each to Clearlake Capital Partners VII, a private equity special-situations and value fund, and Clearlake Opportunities Partners III, a non-control and special situations focused fund, both managed by Clearlake Capital Group. Also, up to $100 million was committed to Tiger Infrastructure Partners III, a news release from his office said.
Mr. Wooden also announced the hiring of Mozaic Capital Advisors as a secondary private markets adviser. His office issued an RFP in December "to support efforts to enhance return potential and strategic positioning of the private market portfolios," according to the news release.
"While I expect the initial focus will be on the private investment fund portfolio, Mozaic may be utilized in the future to explore secondary buying or selling opportunities for the CRPTF's infrastructure, private credit, and real estate portfolios," Mr. Wooden said in the news release.
