Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, US
AUM: $37.66 billion
Allocation to alternatives: 26.7%
Connecticut Retirement Plans and Trust Funds confirmed a $50 million follow-on commitment to HarbourVest Partners‘ Secondary Overflow Fund IV at its December 2020 investment advisory council meeting, a contact at the pension informed Secondaries Investor.
The $37.66 billion US public pension previously committed another $50 million to the fund in January 2020. The fund had raised $900 million of its $1.2 billion equity capital target by August 2020, with a final close expected in December.
As illustrated below, Connecticut’s private equity secondaries fund commitments have tended to target US-focused or global vehicles.
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