TREASURER RUSSELL ANNOUNCES UP TO $1.575 BILLION IN INVESTMENT COMMITMENTS AT FIRST IAC MEETING OF 2026

[Cody, Brett]

FOR IMMEDIATE RELEASE  //  WEDNESDAY, JANUARY 14, 2026

TREASURER ERICK RUSSELL ANNOUNCES UP TO $1.575 BILLION IN INVESTMENT COMMITMENTS AT FIRST INVESTMENT ADVISORY COUNCIL MEETING OF 2026

 

HARTFORD, Connecticut – Connecticut’s Investment Advisory Council (IAC) convened its first meeting of 2026 this afternoon at the State Office Building in Hartford, where Treasurer Erick Russell announced up to $1.575 billion in new investment commitments.

 

The commitments span the private real estate, infrastructure and natural resources, private equity, and private credit portfolios of the Connecticut Retirement Plans and Trust Funds (CRPTF), which include the pension funds for retired teachers and state workers.

 

“Following strong investment performance across the CRPTF portfolio in 2025, we are committed to building on that momentum in 2026,” said Treasurer Russell. “These new commitments reinforce our long-term investment strategy and disciplined approach to asset allocation—an approach that benefits not only retired teachers and state workers, but all Connecticut taxpayers and residents.”

 

• In private real estate, Treasurer Russell committed up to $250 million to the CRPTF-GCM Emerging Managers Partnership L.P.—2026-2 RE Investment Series.

 

• In infrastructure, he plans to commit up to $200 million to iSquared Global Infrastructure Fund IV, L.P. and up to $150 million to iSquared Growth Markets Infrastructure Fund II, L.P.

 

• In private equity, the Treasurer committed up to $425 million to CRPTF-GCM Emerging Manager Partnership L.P.—2026-1 PE Investment Series.

 

• In private credit, he committed up to $100 million to Eagle Point Defensive Income Fund III US L.P., up to $150 million to Eagle Point CRPTF DIF Co-Investment LP, and up to $300 million to CRPTF-RockCreek Emerging Manager Partnership, L.P.—Series II.

 

These commitments followed feedback provided by the IAC at their November meeting.

 

Three potential investments in private equity were reviewed during the meeting: Bregal Sagemount V-B, L.P., Dover Street XII L.P., and the related Secondary Overflow Fund VI L.P.

 

The meeting also covered a strategic review of the liquidity fund, an asset allocation review with an accompanying timeline, and pacing plan overviews for private asset classes.

 

The IAC shares responsibility for Connecticut’s investment strategy and performance. Its members are appointed by unions representing teachers and state workers, legislative leaders, and the Governor. The IAC plays a key role in setting the pension funds’ investment policy and asset allocation, and in the hiring of key investment personnel. All IAC meetings are open to the public. Meeting materials, including past agendas and investment presentations, are available on the Office of the Treasurer’s website: Investment Advisory Council.

 

About the Office of the Treasurer

The Office of the Treasurer is charged with safeguarding Connecticut’s financial resources through prudent cash and debt management, with the State Treasurer serving as principal fiduciary for six state pension and twelve state trust funds. Additionally, the Office enhances the state’s fiscal stability through programs promoting financial literacy and college savings, and it leverages business partnerships to support the advancement of Connecticut’s social and policy priorities. The Office is led by State Treasurer Erick Russell, the first Black out LGBTQ person to win an election for statewide office in American history. Visit: Connecticut Office of the Treasurer Erick Russell.

 

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BRETT R. CODY
Director of Communications

Connecticut Office of the Treasurer
Email: brett...@ct.gov
Cell: (203) 218 1187
portal.ct.gov/OTT