Connecticut Retirement approves $65m commitment

The US public pension has backed a domestic fund.

Connecticut Retirement Plans and Trust Funds has approved a commitment of up to $65 million to Basis Investment Group Real Estate Fund I, which will originate and acquire debt and preferred equity primarily for stabilised and transitional commercial real estate assets located throughout the United States.

The $33 billion US public pension has a 49 percent allocation to alternatives including private debt.

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