The Connecticut State Treasurer has announced a $400 million investment to the emerging & diverse managers initiative.
According to a press release from the Treasurer, $300 million will be committed to GCM Grosvenor “in a custom mandate to invest in small and emerging or diverse managers as part of the Connecticut Inclusive Investment Initiative (“Ci3”)”.
In addition, $100 million will be committed to The RockCreek Group in a custom mandate for the Ci3 program. The RockCreek mandate will invest in private credit funds.
The Ci3 initiative was launched in 2020 with the goal of increasing target allocations to emerging and diverse managers.
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