Chicago Municipal Employees’ Annuity and Benefit Fund intends to put $70 million to $75 million toward its private equity portfolio before the end of the year, according to Jim Mohler, chief investment officer of the $5.3 billion fund.
The system is currently under its 10% target allocation to private equity, with slightly less than $200 million dedicated to the asset class, Mr. Mohler said.
It has not yet been decided how the investment will be funded.
Separately, large-cap domestic equity value manager Wellington Management was placed on watch for performance. Wellington runs about $130 million for the fund. Sara Lou Sherman, Wellington spokeswoman, declined to comment.