Insight

Connecticut confirms $175m in commitments

The US public pension has backed vehicles managed by Hollyport Capital and considers committing to buyout funds.

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Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, US
AUM: $44 billion
Allocation to alternatives: 22.9%

Connecticut Retirement Plans and Trust Funds confirmed $175 million-worth of commitments across two funds managed by Hollyport Capital, according to the pension’s January meeting minutes.

Connecticut committed $125 million to Hollyport Secondary Opportunities VIII and an additional $50 million to Hollyport Secondary (Overage Fund). Both vehicles will invest in the secondaries market globally.

At the meeting, the pension also revealed it was considering committing to two buyout funds, Hg Genesis 10 and Hg Saturn 3,  which are managed by London-based investment firm Hg.

The $44 billion US public pension’s recent private equity commitments, as illustrated below, have focused on vehicles with diversified sector focuses.

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