Connecticut Retirement Commits $1B to Alts

Written by: Koncheng Moua, Director of Data Management and Strategy

The Connecticut Retirement Plans & Trust Funds has disclosed four alternative investments totaling up to $1 billion in a recent press release.

Two co-investment funds with HarbourVest were approved for additional allocations. $300 million was committed to HarbourVest Private Debt Fund. $300 million was committed to the private equity fund HarbourVest CT Co-Investment Fund.

Within real assets and infrastructure, $200 million was committed to CT Real Assets Co-Investment Fund, managed by Morgan Stanley Investment Management. The investment is an expansion of an existing infrastructure commitment, according to the press release. In addition, $200 million was committed to BlackRock Global Infrastructure Fund IV.

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