The $37 billion Connecticut Retirement Plans and Trust Funds (CRPTF) is considering a $150 million investment in Rockpoint Real Estate Fund VI, an opportunistic fund managed by Rockpoint Group, recent meeting documents show.
Rockpoint Real Estate Fund VI targets a broad range of real estate investments, with a particular focus on office and multifamily assets located in gateway coastal markets within the United States. The fund currently expects the average investment size to be $60 million and the average transaction size approximately $200 million.
As of March 15, Fund VI had raised $2.8 billion in commitments, including $239 million in co-investment commitments, against a target of $3 billion. It is expected to finish the fundraising period by April 30.
Fund VI has acquired four investments to date, which together total 21 percent of current
