Connecticut ups commitment to IFM Investors

The US public pension has topped up its prior commitment to IFM Investors open-ended fund.

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, US
AUM: $42.8 billion
Allocation to real assets: 13.3%

Connecticut Retirement Plans and Trust Funds confirmed an additional $100 million commitment to IFM Investor‘s infrastructure vehicle, according to the pension’s November investment advisory council meeting

The pension previously committed $200 million to IFM Global Infrastructure Fund. It is an open-ended vehicle that has raised $50 billion since 2004. At the council meeting, Connecticut also confirmed a $125 million commitment to IPI Data Center Partners Fund III, an infrastructure vehicle focused on the telecoms sector and is seeking core returns.

Connecticut’s infrastructure portfolio is housed within its 13.3 percent allocation to private real assets. As of September 2022, the pension’s real assets portfolio was at $5.7 billion. As illustrated below, the $42.8 billion US pension’s recent infrastructure commitments have primarily focused on global vehicles with core strategies.

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