Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, United States
Allocation to alternatives: 21.40%
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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