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Chicago police fund misses target with 24 7% annual return

Chicago police fund misses target with 24 7% annual return
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Chicago police fund to launch manager searches for private markets

Chicago Policemen's Annuity & Benefit Fund is set to continue its flurry of manager searches, now seeking to build out private equity and private debt/opportunistic credit asset classes.During a May 27 board meeting, trustees approved RFPs seeking private equity managers to run $20 million to …

Chicago Policemen to begin screening for private markets managers

Chicago Policemen to begin screening for private markets managers Chicago Policemen to begin screening for private markets managers Pension plan also commits $20 million to private debt fund Print Chicago Policemen s Annuity and Benefit Fund plans to soon conduct searches for private debt and private equity managers, following a review of its pacing plans for the asset classes. The $2.9 billion pension fund s board at its April 29 meeting approved draft requests for proposals for managers to whom it plans to make commitments of $40 million to a private equity fund with a growth equity, special situations or co-investment focus and $20 million to a private debt, niche lending or opportunistic credit fund.

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