Connecticut Retirement Plans and Trust Funds (CRPTF), based in Hartford, is responsible for the $25 billion of�six State pension and eight State trust funds. The organization maintains allocations to real estate and private equity through its Real Estate Fund (REF) and Private Investment Fund (PIF), respectively, and in October 2007 announced the formation of the Alternative Investment Fund (AIF) to manage hedge fund and other hybrid strategies.CRPTF utilizes the consulting services of RogersCasey (hedge funds), Franklin Park Associates (private equity funds), Mercer Investment Consulting, New England Pension Consultants and The Townsend Group (real estate funds).