Connecticut retirement fund backs two real estate funds

The $1 billion Hartford (Conn.) Municipal Employees' Retirement Fund is looking to commit $20 million to two real estate funds.

The pension fund was unable to comment on its investment activity.

Hartford has plans to dole out $10 million each to the TA Realty Associates Fund XII, managed by TA Realty, and Oak Street Real Estate Capital Net Lease Property Fund, managed by Oak Street Capital.

Launched in June, TA Realty’s value-add real estate fund is looking to raise $1.25 billion in equity commitments. Its investment strategy will likely follow its predecessor in the fund series, which invested in industrial, office, apartment and retail assets.

Oak Street Real Estate Capital Net Lease Property Fund, an open-end core real estate fund, invests in CBD office, industrial, retail and triple-net lease assets in the United States. Other investors include the Connecticu