Hartford HealthCare, Hartford, Conn., committed $25 million to North Run Capital Partners to manage in a long-short equity portfolio, said David Holmgren, chief investment officer.
The hospital, which has a total of $2.5 billion in pension, endowment and insurance assets, is funding the commitment from the redemption of a terminated hedge fund of funds. Mr. Holmgren would not name the fund-of-funds manager.
Separately, the hospital committed $10 million each to Great Hill Equity Partners V, a midmarket growth private equity fund managed by Great Hill Partners, and to DFJ Growth Fund 2013, a venture capital fund run by Draper Fisher Jurvetson.
Funding for the Great Hill and DFJ commitments will come from trimming long-only equities; no managers will be terminated, Mr. Holmgren said.
Aksia is the hospital's hedge fund consultant, while Mercer advises it on private equity.