Key Takeaways
- • 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 would replace NEPC as real estate consultant and Meketa Investment Group as consultant for infrastructure and natural resources.
- • Albourne was shortlisted after a request for proposal issued by CRPTF in September 2022, to which eight firms responded.
- • CRPTF's treasurer has not yet made a final hiring decision.
- • CRPTF has target allocations of 10% to real estate and 7% to real assets, and is overweight core real estate while planning more capital for value-add and opportunistic strategies.
Summary
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 reported by IPE Real Assets. The mandate would see Albourne replace NEPC as real estate consultant and Meketa Investment Group as consultant for infrastructure and natural resources.
Albourne was shortlisted following a request for proposal for consultancy services that CRPTF issued in September of the prior year, to which eight firms responded. If hired, Albourne would advise on investment strategy, policy development, portfolio construction, commitment pacing and due diligence of prospective investment managers, including ESG assessments. The treasurer has yet to make a final decision.
The decision comes as CRPTF works within defined allocation targets of 10% for real estate and 7% for real assets. According to the report, the pension fund is currently overweight core real estate and plans to commit more capital to value-add and opportunistic strategies.
Albourne was shortlisted following a request for proposal for consultancy services that CRPTF issued in September of the prior year, to which eight firms responded. If hired, Albourne would advise on investment strategy, policy development, portfolio construction, commitment pacing and due diligence of prospective investment managers, including ESG assessments. The treasurer has yet to make a final decision.
The decision comes as CRPTF works within defined allocation targets of 10% for real estate and 7% for real assets. According to the report, the pension fund is currently overweight core real estate and plans to commit more capital to value-add and opportunistic strategies.
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