Chicago Laborers' Annuity & Benefit Fund committed $10 million to the Mesirow Financial Real Estate Value Fund, according to recently released minutes of the Feb. 21 board meeting.
The $1.2 billion pension fund issued an RFP in August for core, value-added and opportunistic real estate managers.
Consultant NEPC assisted.
Separately, the board approved placing Robeco Investment Management on its watchlist. Robeco runs an emerging markets equity portfolio. The size of the mandate and reason for being placed on watch could not be learned.
James Capasso Jr., executive director, could not be reached for comment.