The Investment Advisory Council (IAC) of Connecticut Retirement Plans and Trust Funds (CRPTF) is considering $450 million in real estate commitments, in alignment with its 2025 pacing plan detailed in meeting materials from Jan. 22.
The recommended 2025 pacing plan includes $850 to non-core real estate and $500 million to core real estate for the calendar year.
The first recommended investment would entail a $200 million commitment to BIG Real Estate Fund III, a vehicle of Basis Investment Group. This fund will originate and acquire diversified commercial real estate (CRE) debt investments across the capital stack of stabilized, transitional and development assets across the United States. A fundraising goal has not been determined.
A $250 million commitment has also been recommended to GCM/CRPTF Real Estate Small and Middle Market Fund (GCSMRE), a program of CRPTF. This fund will invest in real estate opportunities that emphasize niche and middle-market opportu