Thursday, 25 August 2016
Last updated 59 min ago
Sep 15 2011 | 3:36am ET
Connecticut’s main public pension manager has added $165 million to its alternative investments allocation.
The Connecticut Retirement Plans and Trust Funds is to allocate $65 million to private equity fund ArchLight Energy Partners V, HFMWeek reports. The $25.1 billion system, which manages money on behalf of six state pensions and eight state trust funds, will also boost its fund of hedge funds allocation by $100 million.
Two of the four funds of funds currently managing money for CRPTF will get an extra $50 million: Permal Asset Management and Prisma Capital Management. The two firms received initial allocations of $100 million each in February.
The new allocations bring CRPTF’s total fund of hedge funds investment to $500 million.