Connecticut Retirement Plans and Trust Funds plans to invest up to $800m (€692.9m) in its infrastructure and natural resources portfolio in the 2027 fiscal year, according to board meeting documents seen by IPE Real Assets.
Connecticut Retirement is planning to issue between three and five commingled funds and the capital will be allocated across a mix of core and non-core strategies for either infrastructure or natural resources.
The US pension fund is planning a slight bias to core investing as its current portfolio is at 38.7% of the asset class versus an investment policy of 50%, according to the documents.
Connecticut also said it will also consider allocating additional capital to open-ended funds it already has exposure to.
Most of the investments in its portfolio are located in North America and Europe.
Connecticut’s infrastructure investment targets include energy transition, grid modernisation including storage and renewables, and digital, and utilities/essential infrastructure such as electricity, gas, and water.
The pension fund is planning additional infrastructure commitments before the end of the 2026 calendar year. One $150m core commitment is under review and there is another $50m of capital available for non-core activity.
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