Hartford Municipal commits $8m to real estate
Hartford (Conn.) Municipal Employees’ Retirement Fund has committed $8 million to two real estate funds. The pension fund committed $4 million each to Mesirow Financial Real Estate Value Fund II and Tristan Capital Partners’ European Property Investors Special Opportunities IV fund.
Mesirow Financial Real Estate Value Fund II will invest across the United States, with 35 percent invested in the West, 10 percent in the Midwest, 35 percent in the East and 20 percent in the South. Earlier this year, the Retirement Plan for Chicago Transit Authority Employees committed $25 million to the value-added fund.
Tristan Capital Partners is targeting €950 million ($1.1 billion) for its fourth pan-European fund. EPISO IV will invest in western and central European markets in the office, logistics, retail and residentia