State Treasurer Erick Russell led his first meeting of Connecticut”™s Investment Advisory Council (IAC) last week and announced $1 billion in new investment commitments for
the state”™s pension funds.
According to a press release from Russell”™s office, the meeting began with an update on the investments that were reviewed by the IAC during December”™s meeting. In the state”™s Private Investment and Private Credit portfolios, Russell announced that his office had committed an additional $300 million each to HarbourVest CT Co-Investment Fund LP and HarbourVest CT Private Debt Fund LP.
In the Infrastructure and Natural Resources portfolio, Russell announced the Treasurer’s office approved two mandates: a commitment of $200 million to CT Real Assets Co-Investment Fund LP, which is an expansion of an existing infrastructure commitment, and $200 million to BlackRock Global Infrastructure Fund IV LP.
“Maximizing the returns in our pension funds is of vital importance for the long-term financial health of the state and the retirement security of state and municipal retirees,” said Russell. “The IAC plays a critical role in aligning our investment goals with our commitment to building a solid fiscal foundation for Connecticut”™s future.”
