Cook County Annuity & Benefit Fund, Chicago, committed $30 million each to CBRE Global Investors' Strategic Partners U.S. Value 6 Fund and LaSalle Investment Management's Income and Growth Fund VI, according to recently released minutes of the $7.7 billion pension fund's June 7 board meeting.
Investment consultant Callan Associates assisted. An RFP was issued in April for a closed-end, value-added real estate strategy.
The pension fund has an 8% target real estate allocation, and an actual allocation of 4.3% before the new commitments.
Nickol Hackett, chief investment officer, did not return a telephone call by press time for additional information.