Chicago Park Employees’ Annuity & Benefit Fund committed $10 million each to infrastructure funds managed by Ullico Investment Co. and Industry Funds Management, according to recently released minutes of the June 20 board meeting.
These are the $420 million pension plan’s first infrastructure investments. An RFP was issued in February. Investment consultant Marquette Associates assisted.
J.P. Morgan Asset Management was also a finalist.
Dean Niedospial, executive director, did not return a telephone call by press time.