Connecticut considers $65m commitment to Landmark fund

The $31.5 billion Connecticut Retirement Plans & Trust Funds is considering a commitment of up to $65 million to Landmark Real Estate Partners VIII, according to its June 14 investment advisory council meeting agenda.

Landmark Real Estate Partners VIII is an opportunistic real estate fund managed by Landmark Partners. The fund invests in U.S. office, industrial and multifamily properties in the secondary market. The fund seeks to raise $2 billion in total equity commitments.

The fund’s predecessor, Landmark Real Estate Fund VII, held a $1.6 billion final close in 2015, exceeding its $1 billion target. The pension fund previously committed $40 million to Fund VII.

Landmark Partners currently has six funds focused on secondary markets, with more than $4.1 billion of committed capital and more than 350 real estate interests acquired.

Laurie Martin, interim CIO, is presenting t