Chicago Policemen's Annuity & Benefit Fund committed $20 million to its second private lending manager, Monroe Capital, confirmed Aoifinn Devitt, chief investment officer.
The $2.3 billion fund will make its investment in Monroe Capital Private Credit Fund II in September with funding coming from cash, she said.
The pension fund board finalized the decision during a June 20 investment committee meeting.
In March, the board approved a $20 million allocation to a private debt separate account managed by Alcentra.
