CRPTF slates $100m for Cityview Real Estate Partners VII

The Connecticut Retirement Plans and Trust Funds (CRPTF) is planning to commit $100 million to a value-add multifamily fund managed by Cityview Real Estate Partners, Connecticut State Treasurer Shawn Wooden announced on Nov. 10.

The fund, Cityview Real Estate Partners VII, has a fundraising target of $400 million.

The investment will be made on behalf of the fund’s real assets allocation, which is focused on generating value-add returns in the multifamily sector by targeting multifamily assets in high-growth markets and middle-income renters.

Wooden said the commitment is part of CRPTF’s long-term strategic investment plan, and it will better position the pension fund to meet its obligation to pension beneficiaries through strong return potential.

“Our long-term commitment and investment in private markets has and will continue to diversify our overall markets exposure while giving us the greatest opportunity to achieve our long-term returns through