Institution: Chicago Policemen’s Annuity & Benefits Fund
Headquarters: Chicago, United States
Allocation to alternatives: 10.16%
Chicago Policemen’s Annuity & Benefits Fund has issued an RFP for an inaugural secondaries private equity manager, according to a release on the pension’s website. The mandate in question is estimated to be worth between $25 million and $50 million, with the pension intending on directing its capital towards a single vehicle.
The RFP specifies that any prospective managers must have successfully raised at least three secondaries private equity funds, with the proposed vehicle in question targeting at least $250 million and intending on holding a final close no sooner than April 2020.
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