City of Hartford Commits $18M to Private Credit

The City of Hartford Municipal Employees’ Retirement Fund approved two commitments to private credit totalling $18 million. 

A $10 million commitment was made to Crayhill Principal Strategies Fund III. 

An additional commitment of $8 million was allocated to HarbourView Royalties Fund I.

As of February 29, 2024, the MERF had a market value of $1.1 billion in assets, while allocating 6.2% to private debt with a target allocation of 8%. 

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