The pension fund plans to put $50m into Covenant Apartment Fund IX. : Connecticut Retirement Plans and Trust Funds (CRPTF) intends to put $50m (€43m) into Covenant Capital Group’s ninth US residential fund to help increase the pension fund’s underweight value-add portfolio. CRPTF told IPE Real Assets that once approved it will put the capital into Covenant Apartment Fund IX fund, for which Covenant Capital Group is seeking to raise $400m. CRPTF, which owns around $2.2bn in real estate assets, is currently underweight value-add strategies.