Hartford (Conn.) City Municipal Employees' Retirement Fund committed up to $8 million to TA Realty Value-Add Fund XIII.
The $1 billion pension fund's commission approved the commitment to the value-added real estate fund at its Dec. 16 meeting, said Gary B. Draghi, chief investment officer, in an email.
The pension fund previously committed up to $10 million to TA Realty Associates XII in 2019.
As of Nov. 30, the pension fund's actual allocation to real estate was 8.2%; the target is 7%.
Investment consultant NEPC assisted.
