The Connecticut Retirement Plans and Trust Fund (CRPTF) Investment Advisory Council has committed $200 million to Smart Markets Fund, a program of Stockbridge Capital Group.
This open-end fund will invest in core, value-added and opportunistic real estate across 15 U.S. markets that capture long-term U.S. employment growth, are home to major universities and highly educated workforces. The Teachers’ Retirement System of Louisiana committed $400 million to this fund in 2024.
As of Feb. 28, the public pension fund had $71.6 billion in total assets under management, with a 10 percent real estate allocation target and $4.4 billion in total real estate assets.
