Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, US
AUM: $46.1 billion
Allocation to private equity: 11.6%
Connecticut Retirement Plans and Trust Funds confirmed a $200 million commitment to Vistria’s latest buyout fund, a source at the pension confirmed to Infrastructure Investor.
The fund, Global Infrastructure Partners V, will invest into globally in core-plus infrastructure opportunities. The pension has previously invested into GIP managed vehicles, committing $200 million to Global Infrastructure Partners IV.
At CRPTF’s recent March Investment Advisory Council Meeting, a finalist was announced for the pension’s request for proposal. The pension, which issued the RFP in September 2022, is considering Albourne America to advise on its Real Assets activity and portfolio, which includes real estate, infrastructure and natural resources. The successful investment consultant will also be responsible for performing due diligence and assessing prospective fund managers ESG policies as well as supporting the development of the pension’s investment strategy and policies. Albourne has not been confirmed as the pension’s new investment consultant, according to a contact at the pension.
Connecticut has a 13.3 percent allocation to real assets. As of December 2022, its portfolio was valued at $6.1 billion. As illustrated below, the $46.1 billion US pensions’ recent private equity commitments have primarily focused on North American vehicles seeking buyout-styled returns.
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