The Connecticut Retirement Plans & Trust Funds (CRPTF) has committed up to $450m to bolster its private equity portfolio, according to a report by Pensions & Investments citing an announcement by State Treasurer Erick Russell.
The commitments were disclosed at a 11 September meeting of the $56.8bn pension fund’s Investment Advisory Council.
The allocations include up to $200m for Hollyport Secondary Opportunities IX, a secondaries fund managed by Hollyport Capital; up to $150m for Insight Partners Opportunities Fund II Co-Investment Sidecar; and up to $100m for Insight Partners Opportunities Fund II, a private equity growth expansion fund also managed by Insight Partners.
This move follows previous investments by the pension fund, including $125m to Hollyport Secondary Opportunities VIII in 2022 and $100m to Insight Partners Opportunities Fund I in 2021.
As of June 30, the pension fund had an actual allocation of 11.3% to private equity, with a target of 15%.
