The $43.98bn Connecticut state pension system is preparing to deploy more than $1.27bn over the next three years to co-investments across private equity, private credit, real estate, infrastructure and natural resources strategies.
The deals would include $900m in commitments to HarbourVest Partners for co-investments in private equity and private credit, according to documents presented at a public meeting of the Connecticut Retirement Plans and Trust Funds’ investment advisory council on Wednesday.
Subscribe to our Newsletter to increase your edge. Don’t worry about the news anymore, through our newsletter you’ll receive weekly access to what is happening. Join 120,000 other PE professionals today.
The Pension Funds Management Division (PFM) executes the investment programs of the Connecticut Retirement Plans and Trust Funds (CRPTF), which consists of six State Pension Funds and nine State Trust Funds.
As principal fiduciary of the CRPTF, State Treasurer Shawn T. Wooden is responsible for managing the invested assets for approximately 212,000 state and municipal employees, teachers, retirees and survivorships who are pension plan participants and beneficiaries as well as for trust funds that support academic programs, grants, and initiatives throughout the State.
Source: Wall Street Journal
Can’t stop reading? Read more
Top private equity news of the week
Top private equity news of the week Aquilius Investment Partners, a Singapore-based real estate...
Investindustrial acquires TreeHouse Foods in $2.9bn move to expand food portfolio
Investindustrial acquires TreeHouse Foods in $2.9bn move to expand food portfolio European private...
Apollo Sports Capital invests in Atlético de Madrid, ushering in new era for Spanish giants
Apollo Sports Capital invests in Atlético de Madrid, ushering in new era for Spanish giants Apollo...