Connecticut Office of the State Treasurer at its August board meeting announced that it’s investing into a fund from Vistria Group, according to the system’s Strategic Communications Advisor Jackie Primeau.
The system committed $75 million to Vistria Group’s third fund, targeting $800 million on a $1 billion hard cap, according to a memo from Connecticut Retirement Plans and Trust Funds’ Chief Investment Officer Laurie Martin.
Vistria Fund III focuses on buyouts on middle-market companies in the healthcare, education and financial services sectors in North America. It’s expected to have a final closing in Q3 2019, according to the memo.
The pool is expected to deploy investments between $50 million to $100 million in 10 to 15 companies in the U.S.
Connecticut’s PE allocation sits at 6.7 percent on a 11 percent target.