Politics & Government
Wooden Presents $650M Of Equity Investment Opportunities
Wooden announced that his office has selected four finalist firms from its recent Core Fixed Income RFP.
Press release from the Treasurer's Office:
June 15, 2022
At the June 8 meeting of the state’s Investment Advisory Council (IAC) Connecticut State Treasurer Shawn T. Wooden announced that his office has selected four finalist firms from its recent Core Fixed Income RFP. These firms are TCW, PineBridge, Wellington, and Conning. The firm selected from this group will be charged with restructuring the Connecticut Retirement Plans and Trust Funds (CRPTF) Core Fixed Income portfolio totaling $5.2 billion.
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Treasurer Wooden announced that he has selected Mozaic Capital Advisors as a preferred vendor to provide the CRPTF with secondary advisory services for its private equity portfolio.
“Mozaic is well-positioned to offer guidance to the CRPTF in this area, because they are exclusively focused on providing secondary advisory services to institutional investors,” said Treasurer Shawn T. Wooden. “I expect we will utilize them to explore secondary buying or selling opportunities for the CRPTF’s infrastructure, private credit, and real estate portfolios.”
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Also at today’s meeting, the State’s Chief Investment Officer, Ted Wright, provided an update on capital markets and a review of the CRPTF’s first quarter performance.
Several investment opportunities were also reviewed at the meeting. Mark Evans, Principal Investment Officer for Private Equity and Private Credit, presented Reverence Capital Partners Fund V, a private investment fund opportunity, as well as Fortress Lending Fund, a private credit fund. Kan Zuo, Investment Officer, presented Sixth Street Lending Partners, which is also a private credit fund opportunity.
Ginny Kim, Chief Compliance Officer, reported on the CRPTF’s compliance policy to implement statutory investment restrictions.
“There’s no doubt we’ve experienced the same economic headwinds as other investors over the past few months,” Treasurer Wooden said. “But we remain focused on the long-term, and we are confident that, through careful review and proper restructuring of our portfolio, we will continue to protect and grow Connecticut’s retirement and pension funds.”
This press release was produced by the Treasurer's Office. The views expressed here are the author's own.
