07/09/2025 | Press release | Distributed by Public on 07/09/2025 14:59
07/09/2025
TREASURER ERICK RUSSELL ANNOUNCES $775 MILLION IN INVESTMENT COMMITMENTS AT JULY INVESTMENT ADVISORY COUNCIL MEETING
HARTFORD, Connecticut - On Wednesday morning, State Treasurer Erick Russell hosted the July meeting of Connecticut's Investment Advisory Council (IAC), which convened at the State Office Building in Hartford. In that meeting, Treasurer Russell announced $775 million in new investment commitments for the Connecticut Retirement Plans and Trust Funds (CRPTF).
"The foundation of our investment decisions, and ultimately our long-term investment success, is our strategic asset allocation," said Treasurer Russell. "By thoughtfully calibrating our portfolio across asset classes, including these investments we're announcing today, we're positioning the CRPTF to weather market fluctuations and capture growth over time."
In private real estate, Treasurer Russell committed up to $150 million to Sterling United Properties I CF, L.P., and $200 million to TA Realty Core Property Fund, L.P.
In private credit, he committed up to $175 million to Anchorage Credit Opportunities IX, L.P., and up to $75 million to Anchorage Credit Opportunities IX Co-Investment, L.P.
In private investment, Treasurer Russell announced a commitment of up to $175 million to Integrum Capital Partners II, L.P.
These commitments followed feedback provided to the Treasurer by the IAC at the May meeting.
Several potential investments were reviewed for consideration at the meeting. Presentations included Reverence Capital Partners PE Opportunities IV (Fund VIII) L.P. and Verdane Freya XII AB (private investment fund opportunities), Crescent CRPTF Private Credit L.P. (a private credit fund opportunity), and HarbourVest Infrastructure Income Partnership L.P. and Palistar Digital Infrastructure Fund III L.P. (both infrastructure fund opportunities).
Wednesday's meeting also included a presentation on an update to the CRPTF's Investment Policy Statement as well as strategic reviews of Global Fixed Income and Risk Mitigation.
"Our Investment Advisory Council brings exceptional insight and judgment to the table, and their support is a major driver of our portfolio's strength," said Treasurer Russell. "I'm grateful for their clear-eyed analysis as we navigate these critical investment decisions."
The IAC shares responsibility for Connecticut's investment strategy and performance. Its members are appointed by unions representing teachers and state workers, legislative leaders, and the Governor. It plays a key role in setting the pension funds' investment policy and asset allocation, and in the hiring of key investment personnel. All IAC meetings are open to the public. Meeting materials, including past agendas and investment presentations, are available on the Office of the Treasurer's website: portal.ct.gov/OTT/About-the-Treasury/Advisory-Council.
About the Office of the Treasurer
The Office of the Treasurer is charged with safeguarding Connecticut's financial resources through prudent cash management and debt management, with the State Treasurer serving as principal fiduciary for six state pension and twelve state trust funds. Additionally, the Office enhances the state's fiscal stability through programs promoting financial literacy and college savings, and it leverages business partnerships to support the advancement of Connecticut's social and policy priorities, including combating gun violence and protecting our environment. The Office of the Treasurer is led by State Treasurer Erick Russell, the first Black out LGBTQ person to win an election for statewide office in American history. To learn more, visit portal.ct.gov/ott.
*** END ***
Contact: Brett Cody
brett.cody@ct.gov | (959) 529-2468