Searches and Hires

Chicago Laborers pledges $10 million to Mesirow real estate fund

Chicago Laborers' Annuity & Benefit Fund committed $10 million to value-added real estate fund Mesirow Financial Real Estate Value Fund III, recently released board meeting minutes said.

The $1.2 billion pension fund previously committed $10 million to Mesirow Financial Real Estate Value Fund II in 2015.

The pension fund's real estate allocation was 5.3% as of Sept. 30; the target is 8%.

Michael Walsh, executive director and chief investment officer, could not be immediately reached to provide further information.