Connecticut Retirement Plans and Trust Funds (CRPTF) is considering appointing Albourne as its new investment consultant for real estate, infrastructure and natural resources, according to a meeting document.
If appointed, Albourne will replace NEPC as real estate consultant and Meketa Investment Group as consultant for infrastructure and natural resources.
Albourne has been shortlisted following a request for proposal for consultancy services issued by CRPTF in September last year, to which eight firms responded.
Albourne will advise on investment strategy, policy development, portfolio construction, commitment pacing and due diligence of prospective investment managers, including ESG assessments.
CRPTF’s treasurer is yet to make a final decision on the hiring.
CRPTF has target allocations of 10% and 7% for real estate and real assets, respectively. The pension fund is now overweight to core real estate and plans to commit more capital to value-add and opportunistic strategies.
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