The USD 23.6 billion State of Connecticut Retirement Plans and Trust Funds is looking to commit USD 100 million to private real estate funds within the next 12 months. It will be making its next fund commitment in Q1 2011 and will be investing in funds utilizing core and opportunistic strategies. It has a long-term target allocation to real estate of 5% and invests this allocation solely in private real estate. Its current allocation to real estate equates to 3.6% of its total assets. 40% of its private allocation is invested in core funds, 20% in value added funds and 40% in opportunistic funds. It will continue investing in the asset class through the Real Estate Fund (REF), an externally managed real estate fund that invests in real estate funds and mortgages.
More information on private real estate investors is available on Preqin's online service, Real Estate Online.