Connecticut’s Investment Advisory Council (IAC) has announced $675 million in new investment commitments, including up to $200 million to private real estate, and more than $500 million in increases to current holdings.
“In this volatile market, it’s important that we balance investments in promising new opportunities while shoring up investments with existing, high-conviction managers,” said Treasurer Russell. “We have determined that this is the right time to increase commitments with several established funds based on a sustained track record of strong performance.”
In private real estate, Treasurer Russell committed up to $200 million to Artemis Real Estate Partners Healthcare Fund III.
Several potential investments to real estate were reviewed for consideration at the meeting, including Sterling United Properties I, a core-plus fund, and TA Realty Core Property Fund, a core fund.
