Connecticut taps into real assets

The $42 billion Connecticut Retirement Plans and Trust Funds (CRPTF) hired two managers to handle a total $150 million in alternative investment assets.

Connecticut State Treasurer Shawn T. Wooden announced his decision this week to commit up to $100 million in the Mesirow Financial Real Estate Value Fund IV and $50 million in Penzance DC Real Estate Fund II.

Connecticut State Capitol by SeanPavonePhoto

At $4.7 billion, the real assets portfolio is well below its 19% target allocation. Officials are also considering another round of up to $300 million in fresh capital in the . . .

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