Hartford (Conn.) Municipal Employees' Retirement Fund committed a total of $11 million to two private real estate funds, according to Gary Draghi, director of investments for the $1 billion defined benefit plan.
The pension fund committed $5 million to the Oaktree Real Estate Debt Fund, a private real estate debt fund managed by Oaktree Capital Management. It also committed $6 million to the Och-Ziff Real Estate Fund III, an opportunistic private real estate fund managed by Och-Ziff Capital Management Group.
The commitments are pending final due diligence and contract negotiation.
