The Connecticut Retirement Plans and Trust Funds (CRPTF) selected four firms yesterday as public-private investment program (PPIP) managers.

Draft minutes from the CRPTF’s Oct. 14 meeting note that AllianceBernstein, Marathon Asset Management and WL Ross & Co. were approved by state Treasurer Denise Nappier. WL Ross received $100 million for its WLR IV PPIP fund, while AllianceBernstein’s Legacy Securities and Marathon’s Legacy Securities Public-Private Investment funds each received $50 million. The commitments are all subject to satisfactory completion of contract negotiations.

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