Exclusive: Connecticut Retirement to maintain pacing of fund commitments

The US public pension intends to continue financing private markets investments.

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Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, United States
AUM: $37.63bn
Allocation to alternatives: 21.50%
Bitesize: $50-100m

Connecticut Retirement Plans and Trust Funds is intending to maintain the pace of its private markets fund commitments in the light of Covid-19, a contact at the pension informed Infrastructure Investor. The Office of the Connecticut State Treasurer, which oversees the combined Retirement Plans and Trust Funds, has a strategic plan for committing private capital and will continue with that plan for the foreseeable future.

The $37.63 billion US public pension, in addition to infrastructure, actively invests in both private equity and real estate.

As illustrated below, Connecticut’s last two commitments to infrastructure vehicles have been $200 million apiece to IFM Investors’ open-ended 2004-vintage Global Infrastructure Fund and Global Infrastructure Partners’ 2019-vintage Fund IV.

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