Jorge Ramirez will join alternative investment manager Grosvenor Capital Management on June 1 as a managing director, in charge of labor strategies for the firm's labor impact infrastructure business, said Patrick Clifford, spokesman, in an email.
It is a new position. Mr. Ramirez will focus on finding investment opportunities and structuring and monitoring investments. Grosvenor's labor impact strategy invests in infrastructure that relies on a collaboration with union labor for infrastructure investment opportunities.
"Jorge and I have known each other and worked together for almost eight years. Jorge shares our firm's belief that bringing a pro labor agenda to infrastructure investing can deliver good results, improve infrastructure for communities and further organized labor's agenda," said Michael J. Sacks, chairman and CEO, in a news release.
Mr. Ramirez stepped down as president of the Chicago Federation of Labor effective Tuesday. He is also a former vice president and member of the executive council of the AFL-CIO.