Connecticut State Treasurer Denise Nappier has green-lighted a commitment worth up to $50 million to Cypress Acquisition Partners Retail Fund, managed by Cypress Equities, on behalf of the $28.5 billion Connecticut Retirement Plans and Trust Funds, which comprises six state pension funds and nine state trust funds. Treasurer Nappier is considering an additional $100 million commitment to Lion Industrial Trust, an open-end fund sponsored by Clarion Partners.
CAPRF, Dallas-based Cypress Equities’ first fund, launched in March 2012 with a $300 million fundraising goal. The value-added fund is seeking gross returns of 17 percent by investing in retail properties with a specific focus on purchasing or developing shopping centers, power center retai
