(updated with clarification)
Hartford HealthCare, Hartford, Conn., made a combined $31.8 million in new private equity commitments, according to David Holmgren, chief investment officer.
The pension and endowment fund, with a total of $2 billion in assets, committed $21 million to New Mountain Partners IV, managed by New Mountain Capital; $6.3 million to Wingate Partners V; and A$4.5 million ($US4.1 million) to Anacacia Fund II, managed by Anacacia Capital.
Private equity is part of the fund's 57% target allocation to growth assets, which also includes long-only equities, from which commitments will be funded through rebalancing, Mr. Holmgren said.
The New Mountain fund focuses on midcap buyouts; Wingate is a controlling-equity fund in small-cap industries; and the Anacacia fund is a small Australian buyout fund.
Mercer Hammond assisted.