Connecticut Retirement Plans & Trust Funds, Hartford, disclosed almost $2 billion in commitments across its infrastructure and natural resources, private real estate, private equity and private credit portfolios.
Erick Russell, state treasurer and principal fiduciary of the $58.8 billion state pension fund, announced the commitments Jan. 22 at a meeting of Connecticut's Investment Advisory Council, according to a news release Jan. 23.
Specifically, in the private equity portfolio, CRPTF committed up to $900 million to HarbourVest CT Co-Investment Fund, Tranche 2, a private co-investment fund managed by HarbourVest Partners.
In private credit, the pension fund committed up to $750 million to HarbourVest CT Private Debt Fund, a private credit fund also managed by HarbourVest Partners.
Within infrastructure and natural resources, CRPTF committed up to $150 million to Ridgewood Water & Strategic Infrastructure Fund II, a core infrastructure fund managed by Ridgewood Infrastructure.
In private real estate, the pension fund committed up to $150 million to value-added fund Mesirow Financial Real Estate Value Fund V.
CRPTF previously committed a total of $175 million to Dover Street XI, a vintage secondaries fund managed by HarbourVest in 2023, and committed $75 million to Mesirow Financial Real Estate Value Fund IV in 2021.
As of Oct. 31, the pension fund had an actual allocation of 11.3% in private equity (15% target), 6.3% in real estate (10%), 5.3% in private credit (10%), and 3.1% in infrastructure and natural resources (7%).
CRPTF could not be immediately reached for further details.
