Investors - FEBRUARY 22, 2018

Connecticut seeks real estate fund consultant

by Jody Barhanovich

The $44.1 billion Connecticut Retirement Plans and Trust Funds investment council unanimously approved a previously reported search for a real estate fund consultant, according to its Feb. 21 board meeting documents.

The recommendation was put forth by the office of the Connecticut state treasurer, Denise L. Nappier, who recently announced she will not seek re-election.

In 2017, CRPTF hired a new general investment consultant, Meketa Investment Group, which replaced incumbent Aon Hewitt. The state pension system’s current real estate consultant is The Townsend Group.

Connecticut has a target allocation to real estate of 7 percent.

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