Hartford (Conn.) Municipal Employees' Retirement Fund committed $10 million each to secondary funds run by Lexington Partners and Landmark Partners, said Kathleen Palm, city treasurer. These are the $950 million plan's first forays into private equity, she said.
Partial funding will come from $8 million the system received from the sale of the Hartford Times building to the state of Connecticut for a redevelopment project; the remainder will come from rebalancing, Ms. Palm said.
