The Connecticut Retirement Plans and Trust Funds, which manage multiple public pension funds and public trusts in the state, reported a 14.2% return for calendar year 2025, Connecticut Treasurer Erick Russell announced at a March 11 Investment Advisory Council meeting.
Assets of the fund, which manages eight public plans and 12 trusts, rose $9.3 billion to $68.7 billion as of the end of December 2025.
“Achieving a 14% return and growing the pension fund by more than $9 billion in a single year further strengthens the retirement security of Connecticut’s teachers and public employees, past, present, and future, while also reducing pressure on taxpayers,” Russell said in a statement. “The most important number in these results is our 12.4% annualized return over the past three years. Sustained performance, well above our target rate, demonstrates that our long-term investment strategy is working.”
Over the past three and 10 years, annualized, the CRPTF reported returns of 12.4% and 8.3%, respectively, exceeding its 6.9% target rate of return. The fund reported returns of 10.3% and 12.8% in the 2024 and 2023 calendar years, respectively.
“Consistent performance over multiple years is what ultimately improves the long-term health of the pension system,” Russell said in a statement. “By staying disciplined, diversifying our investments, and managing risk carefully, we are positioning the fund to weather short-term market disruptions and deliver sustainable growth over time.”
New Commitments
At the March meeting, the CRPTF approved $600 million in commitments to three private equity managers and a $50 million re-up with an existing real estate manager. The pension fund committed up to $200 million each to Bregal Sagemount V-B L.P., Dover Street XII L.P. and Secondary Overflow Fund VI L.P.
The CRPTF also made a $50 million commitment to Artemis Real Estate Partners Healthcare Fund III, bringing total commitments to the fund to $200 million. The CRPTF also reviewed potential investments in funds from Levine Leichtman Capital Partners, Inflexion, J.F. Lehman & Co., Hamilton Lane, Stockbridge Capital Group and Axium Infrastructure.
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Tags: Connecticut, Connecticut Retirement Plans & Trust Funds