Connecticut Retirement Plans & Trust Funds, Hartford, disclosed two pension fund commitments totaling $375 million in its real estate and private investment portfolios.
CRPTF committed $200 million to Blue Owl Real Estate Fund VI, according to a Nov. 8 news release.
The fund is a "value-add, closed-end fund strategy" which targets "investments in freestanding, single-tenant, net leased commercial properties occupied by investment-grade credit tenants with long-term lease contracts that include annual rent escalations," according to materials included in the agenda for the Sept. 13 board meeting,
CRPTF also committed $150 million to Leeds Equity Partners VIII, along with $25 million to Leeds Co-Investment Sidecar. Leeds Equity Partners VIII is a midmarket buyout fund with a geographical focus on North America and a sector focus on the "knowledge industries" including education, training and information services, according to agenda materials.
CRPTF made a previous commitment of $100 million to Leeds Equity Partners VII in 2020.
Erick Russell, state treasurer and principal fiduciary of the $49.3 billion state pension system, announced the commitments at the Nov. 8 meeting of Connecticut's Investment Advisory Council, the release said.
As of Sept. 30, the fund had an 11.7% actual asset allocation in private equity and 7.6% in real estate.