FUNDRAISING NEWS | August 21, 2024
The City of Hartford Municipal Employees’ Retirement Fund has approved the 2024 Commitment Pacing Plans for private credit, real estate and real assets at their July 26 board meeting.
Private credit has a commitment target of $10 million in 2024 and 2025. In 2026, the commitment pacing plan will increase $4 million. The fund’s current target allocation is 6%.
Real estate has a commitment target of $3 million annually from 2024 to 2026. The current target allocation is 6%.
In real assets, the commitment target for 2024 is $18 million with a $10 million increase for 2025. The current target allocation is 6%.
As of June 30, 2024, the Retirement Fund has a market value of $1.13 billion.
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Jane Bailey is a Marketing Associate at Dakota.
