Hartford Sets $73M Private Markets Pacing Plan; BBAM Closes $1.7B Aviation Fund

Hartford Sets $73M Private Markets Pacing Plan

BBAM Closes $1.7B Aviation Fund

The City of Hartford Municipal Employees Retirement Fund will target $73M in private markets commitments for the year ending March 31, 2027, under a new pacing plan from consultant NEPC designed to bring the $1.16B fund’s private markets allocation back toward a 29% target from 32.7% on a net asset value basis (47.6% including uncalled capital) as of March 31. Private equity remains the most overweight sleeve at a projected 14.3% against an 11% target, while real assets is the most underweight at 4.8% against a 6% target.

In other allocator activity, the Milwaukee County Treasurer issued a request for proposals for one or more investment advisers to manage roughly $260M in county operating and capital funds held outside its pension system, with the non-discretionary mandate covering Treasuries, agency and GSE securities, municipal bonds, and highly rated corporates; proposals are due November 13. Elsewhere, the Public Employee Retirement System of Idaho closed five private equity commitments totaling $347.7M in 2026 and has three more planned that would bring the year’s total to $557.7M, according to consultant Hamilton Lane.

On the GP fundraising side, BBAM held a final close of Incline Aviation III, its third flagship aviation fund, with more than $1.7B in commitments, while Calgary-based Waterous Energy Fund reportedly plans to soon begin marketing a new vehicle targeting $1B to acquire and build out a single Canadian oil patch business.

In people news, AustralianSuper promoted Daniel Lim to senior investment director, private credit, based in New York, where he leads the fund’s global private credit program. The move follows AustralianSuper’s plan to roughly double its private credit allocation to about $13.9B within three to four years.

Read on for all the day’s fundraising news headlines.

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