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Connecticut confirms $100m commitment

The US public pension has backed Tiger Infrastructure Partners' third fund.

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, US
AUM: $44 billion
Allocation to alternatives: 22.9%

Connecticut Retirement Plans and Trust Funds has approved a $100 million commitment to Tiger Infrastructure Partners Fund III, according to the pension’s February meeting minutes.

Tiger Infrastructure Partners’ third fund will invest into European and North American markets and a variety of sectors including transport, utilities and telecoms. The fund is targeting $750 million and has a hard-cap of $1.25 billion.

The suitability of CRPTF’s commitment was assessed and presented by Meketa. Meketa said Tiger incorporates ESG factors into the investment selection process and requires its portfolio companies to report on and consider ESG concerns and factors during their operations. Tiger itself is also a signatory of the UN Principles for Responsible Investment.

The $44 billion US public pension recent infrastructure commitments have included predominantly European and North American focused vehicles, as illustrated below.

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