Connecticut commits $75m to Gerding Edlen’s new fund

The $32.4 billion Connecticut Retirement Plans and Trust Funds has committed up to $75 million to Gerding Edlen Green Cities IV, according to board meeting notes from Linda Tudan, a spokeswoman for the pension fund. Meketa Investment Group, the retirement fund’s consultant, helped with the decision.

Gerding Edlen Green Cities IV is a newly launched fund managed by Portland-based Gerding Edlen. The fund series follows a value-add investment strategy and focuses on mixed-use, multifamily and office properties in high-growth, urban markets in the United States. The fund is seeking a $450 million capital raise target, according to The Registry.

The Connecticut Retirement Plans and Trust Funds is also considering a commitment of up to $100 million to Artemis Real Estate Partners Income and Growth Fund. It is a real estate fund that will primarily focus on small and midd