Connecticut’s Investment Advisory Council (IAC) has committed $150 million to infrastructure as part of its January investment commitments. This information was confirmed by a press release on Jan. 23.
In the infrastructure and natural resources sector, Ridgewood Water & Strategic Infrastructure Fund II, a vehicle of Ridgewood, received $150 million. This fund focuses on investments in the water, energy, transportation and utilities sectors. As of Jan. 15, it has raised $1.2 billion in capital, surpassing its $1 billion fundraising goal.
Connecticut’s IAC announced total commitments of $1.95 billion in its first meeting of the year. These commitments span infrastructure and natural resources, private real estate, private equity and private credit portfolios. During IAC’s meeting, recommended pacing plans for real estate and infrastructure/natural resources were also reviewed.