US pension and endowment investor Hartford HealthCare Systems is reportedly upping its private equity allocation by six per cent.
The $1.8bn-managing investor will initially look at investing in secondaries funds before considering other fund vehicles at a later date, CEO David Holmgren told Pensions & Investments.
It said the proposal will be considered by the system’s policy committee in February.
Hartford said the funding would come from rebalancing its existing domestic and international equities.
Investment in US secondary funds rose by 55 per cent in 2012 to $10.5bn, in large part from LP secondaries, while 32 fund of funds garnered $4.6bn, a 53 per cent decline in capital from 2011.
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