Connecticut confirms $125m in commitments

The US public pension has backed a pair of telecoms-focused vehicles managed by Grain Management.

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Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, US
AUM: $41.07 billion
Allocation to alternatives: 19.2%

Connecticut Retirement Plans and Trust Funds confirmed $125 million-worth of commitments to infrastructure vehicles at its February 2021 investment advisory council meeting, a contact at the pension informed Infrastructure Investor.

The commitments comprised $75 million to Grain Communications Opportunity Fund III and $50 million to a sidecar co-investment vehicle investing alongside Fund III with Connecticut as the sole limited partner.

Connecticut invests in infrastructure out of its $4.5 billion real assets portfolio.

As illustrated below, the $41.07 billion US public pension’s recent infrastructure commitments have targeted mostly global mega-funds such as Global Infrastructure Partners IV and ISQ Global Infrastructure Fund III.

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