Searches and Hires

Chicago Laborers issues call for infrastructure manager

Chicago Laborers' Annuity & Benefit Fund is searching for an infrastructure manager, an RFP posted on the $1.2 billion pension fund's website shows.

The pension fund has issued the RFP for an open-end core infrastructure fund. The amount the pension fund plans to commit was not provided.

As of Sept. 30, the pension fund's alternative investments comprised actual allocations of 7.3%, 5.8% and 2.3% respectively, to hedge funds, real estate and private markets. No infrastructure were managers listed.

The RFP is available on the pension fund's website. Proposals are due at noon CST on Jan. 25. A timeline for a decision has yet to be determined.

Investment consultant Marquette Associates is assisting.

Michael Walsh, executive director and chief investment officer, could not be immediately reached to provide further information.