Connecticut’s Investment Advisory Council (IAC) has announced more than $1.6 billion in total commitments on behalf of the Connecticut Retirement Plans and Trust Funds (CRPTF), with up to $150 million dedicated to real estate. These commitments were made on Dec. 4, according to a Connecticut press release.
A co-investment with Morgan Stanley Real Estate Investing received $150 million. Morgan Stanley’s funds practice global value-add, opportunistic and regional core real estate investment strategies.
In addition, another real estate opportunity was reviewed for consideration at the meeting: Mesirow Financial Real Estate Value Fund V. The potential commitment amount was not disclosed.
Connecticut Retirement Plans and Trust Funds is a public pension fund that manages assets for state and municipal employees. It has $59.5 billion in total assets, with a target allocation to real estate of 10 percent. As of Dec. 4, it has $3.6 billion allocated to real estate, w
