← All decision histories

Private equity

Hg CT1 Co-Investment, L.P.

Connecticut Retirement Plans and Trust Funds

1. Documented in the September packet

   What the investment team looked for

   Staff highlighted the co-investment vehicle’s fee structure and the potential for stronger net returns through an existing manager.

   • Connecticut Pension Funds Management · Conducted due diligence
   • Hamilton Lane · Conducted due diligence

   September IAC materials · private equity recommendations

2. 2025-09-04 · Agenda memorandum date

   How the item reached the Council

   The Treasurer and Council Secretary circulated the agenda naming the staff presenters.

   • Treasurer Erick Russell · Issued the agenda memorandum
     Connecticut State Treasurer · ex officio Council member · Office of the State Treasurer · Treasurer’s FY2025 annual report · Council membership

   September 10, 2025 IAC agenda · presenting staff

3. 2025-09-10 · Meeting packet

   CIO recommendation

   The CIO recommended consideration of up to an additional $75 million.

   • Ted Wright · CIO named in the meeting record; recommendation attributed to the CIO role
     Chief Investment Officer · Connecticut Pension Funds Management, Office of the State Treasurer · September 10, 2025 IAC agenda · presenting staff · Connecticut Pension Funds Management · division overview

   September IAC materials · private equity recommendations · September 10, 2025 IAC agenda · presenting staff

4. 2025-09-10 · Meeting date

   Presented to the Council

   The minutes record that two investment staff members presented the opportunity.

   • Mark Evans · Presented
     Principal Investment Officer · Connecticut Pension Funds Management, Office of the State Treasurer · September 10, 2025 IAC agenda · presenting staff · Connecticut Pension Funds Management · division overview
   • Kan Zuo · Presented
     Investment Officer · Connecticut Pension Funds Management, Office of the State Treasurer · September 10, 2025 IAC agenda · presenting staff · Connecticut Pension Funds Management · division overview

   September 10 IAC minutes · p. 3

5. 2025-09-10 · Meeting date

   Comment period waived

   The Council unanimously passed the motion to waive the 45-day comment period.

   • Philip Zecher · Called for the motion and vote
     Investment Advisory Council Chair · Governor’s representative · appointed by Governor Ned Lamont · Treasurer’s FY2025 annual report · Council membership · Governor Lamont · Zecher chair appointment
   • D. Ellen Shuman · Moved the waiver
     Investment Advisory Council Member · Representative of the Connecticut Senate President Pro Tempore · Treasurer’s FY2025 annual report · Council membership
   • Chris Murphy · Seconded the waiver
     Investment Advisory Council Member · Representative of the Connecticut State Senate Minority Leader · Treasurer’s FY2025 annual report · Council membership
     Role listed in Connecticut’s published biography · Senior Managing Director and Head of Private Equity at Hartford Investment Management · Connecticut IAC · Chris Murphy biography
   • Investment Advisory Council · Passed the waiver

   September 10 IAC minutes · p. 3

6. 2025-11-12 · Date reported to the Council

   Treasurer’s decision reported

   The Treasurer’s Office reported a decision to commit up to an additional $75 million.

   • Office of the State Treasurer · Decision-maker as reported
   • Treasurer Erick Russell · Announced the decision
     Connecticut State Treasurer · ex officio Council member · Office of the State Treasurer · Treasurer’s FY2025 annual report · Council membership

   November 12 IAC minutes · Comments by the Treasurer

7. November 2025 pacing report

   Closing reported

   The private equity pacing table marks Hg CT1 Co-Invest closed. The table gives a reported status.

   November IAC packet · 2025 Strategic Pacing Plan, private equity

The dates identify meeting, report, or recommendation evidence. A comment waiver records a procedural action. A commitment cap and a reported closing describe separate stages.