INVESTING/PORTFOLIO STRATEGIES

Chicago Police collar Mesirow Financial to run value-added real estate

Chicago Policemen's Annuity & Benefit Fund hired Mesirow Financial to run $10 million in value-added opportunistic real estate, confirmed Samuel Kunz, chief investment officer of the $3.1 billion fund.

An RFP was issued in February. Other finalists were Blackstone Group, John Buck Co. and TA Associates Realty.

The funding source has not been determined.