Chicago Policemen's Annuity & Benefit Fund is searching for direct lending and opportunistic credit managers.
The searches are posted on the $2.6 billion uniformed officers' website.
The size of the allocation and the number of managers sought for each asset class “can change up until the finals presentations,” and a timeline for final manager selection has not been set, said James P. Maloney, a trustee and interim chief investment officer, in an e-mail.
Separately, finalists for the pension fund's permanent chief investment officer position will take place over the next couple of months, Mr. Maloney said. A deadline has not been set to hire the new CIO.