News & Analysis

CRPTS widens allocation to emerging and diverse managers program

Connecticut Retirement Plans and Trust Funds increases its allocation to emerging and diverse managers a new mandate

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Institution: Connecticut Retirement Plans and Trust Funds
Headquarters: Hartford, US
AUM: $23 billion

Connecticut Retirement Plans and Trust Funds has announced a $100 million commitment to an emerging/diverse fund manager, according to documents from the pensions September investment meeting.

The pension has allocated $100 million to The RockCreek Group. The RockCreek Group, a Washington, DC-based fund manager with an AUM of $16 billion, will invest the $100 million across both private debt and emerging market opportunities.

The $100 million in commitments is part of the pension’s wider initiative to invest into more diverse and emerging managers. The program, titled the Connecticut Inclusive Investment Initiative (Ci3), was launched in 2020 and led to an increase in the pension’s overall allocation to more minority managers and will span across all asset classes.

The $23 billion US public pension’s recent private debt commitments, as illustrated below, have focused on vehicles with diversified sector focuses.

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