The $44.7 billion Connecticut Retirement Plans and Trust Funds (CRPTF) has presented two investment recommendations in its infrastructure/natural resource (INR) portfolio.
The pension fund proposed an additional $200 million follow-on commitment to Morgan Stanley — CT Real Assets Co-Investment Fund for two years, and a $200 million investment in BlackRock Global Infrastructure Fund IV, with a co-investment sidecar ($150 million/$50 million split), according to a spokesperson for the office of the state treasurer.
CRPTF previously invested $150 million in a Morgan Stanley Investment Management infrastructure strategy in 2021, and $100 million in the BlackRock Global Renewable Power Infrastructure Fund III in 2020.
In related news, CRPTF is mulling a recommended 2023 pacing plan for its INR asset class. The pension fund develops pacing plans annually and utilizes various inputs to target annual commitment levels and portfolio objectives consistent with the inves
