Connecticut Retirement Plans and Trust Funds plans $325m in real assets commitments

The Connecticut Retirement Plans and Trust Funds (CRPTF) is planning to commit $125 million to the Basis Investment Group Real Estate Fund II (BIG II), as an investment within the real assets allocation.

BIG II is a closed-end fund managed by Basis Investment Group. Basis is a commercial real estate investment manager, primarily focused on debt and structured equity strategies. The company originates and acquires diversified commercial real estate debt investments across the capital stack of stabilized, transitional and development assets throughout the United States.

Connecticut State Treasurer Shawn Wooden said the commitment will add value to the CRPTF to enhance the state's fiscal stability going forward.

In other news, CRPTF is considering a $200 million allocation to Centerbridge Real Estate Fund II, on behalf of its real assets portfolio.

This investment opportunity focuses on an all-weather real estate strategy that invests in high conviction them