Hollyport receives $75m commitment from Connecticut

The London-headquartered manager has added the Connecticut state public pension to its list of LPs for Fund VII.

Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, United States
AUM: $37.63bn
Allocation to alternatives: 21.40%
Bitesize: $50-100m

Connecticut Retirement Plans and Trust Funds approved a $75 million commitment to Hollyport Secondary Opportunities VII at its January 2020 investment advisory committee meeting, a contact at the pension informed Secondaries Investor.

Hollyport Capital’s seventh secondaries vehicle held a final close at its $1 billion hard-cap in the same month that the $37.63 Connecticut-headquartered pension confirmed its commitment.

As illustrated below, Connecticut has made three commitments to secondaries vehicles with a 2018 or 2019 vintage, which combined constitute $225 million.

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