Connecticut pension fund considering $100m commitment to Oak Street Capital fund

The $34.2 billion Connecticut Retirement Plans and Trust Funds (CRPTF) is considering a $100 million commitment to Oak Street Real Estate Capital Net Lease Property Fund, managed by Oak Street Real Estate Capital, new documents from the pension fund’s July 3 board meeting show.

Launched in October 2018, the open-end fund invests in CBD office, industrial, NNN lease and retail assets in the United States.

Other investors include the Teacher Retirement System of Texas and the Pennsylvania State Employees’ Retirement System.

CRPTF consists of six state pension funds and nine state trust funds.

As of 2017, the pension fund had a 6.9 percent actual allocation to real estate, with a 7 percent target allocation.