The Connecticut Retirement Plans and Trust Funds (CRPTF) is seeking to invest $65 million in the ArchLight Energy Partners Fund V, HFMWeek reports. The retirement scheme has also increased allocations to its existing fund-of-hedge-funds (FoHF) mandates.
The fund will offer the portfolio with a low correlation to equities and fixed-income investments. Until now, CRPTF has invested $500 million across Permal Asset Management, Prisma Capital Management, Rock Creek Connecticut and K2 Advisors.
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