Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, United States
Allocation to alternatives: 21.4%
Connecticut Retirement Plans and Trust Funds approved $150 million in commitments to secondaries funds at its December 2019 investment committee meeting, a contact at the pension informed Secondaries Investor.
The commitments are to two vehicles managed by HarbourVest Partners: $100 million to Dover Street X and $50 million to Secondary Overflow Fund IV. The pension is also mulling a potential $75 million commitment to Hollyport Secondary Opportunities Fund VII, with a final decision expected at Connecticut’s January 2020 investment advisory committee meeting.
As illustrated below, these are the first known commitments made by Connecticut to 2010-vintage or later secondaries funds which have not been managed by Landmark Partners.
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