Searches and Hires

Chicago Laborers commits $30 million to Ullico infrastructure fund

Chicago Laborers' Annuity & Benefit Fund committed $30 million to Ullico Infrastructure Taxable Fund, an open-end core infrastructure fund managed by Ullico Investment Advisors, recently released board meeting minutes show.

The $1.2 billion pension fund issued an RFP in November for an open-end core infrastructure fund. According to the pension fund's most recently available investment report, the pension fund's alternative investments as of Sept. 30 were made up of actual allocations of 7.3%, 5.8% and 2.3%, respectively, to hedge funds, real estate and private markets. No infrastructure managers were listed.

The other finalists were Brookfield Asset Management and J.P. Morgan Asset Management (JPM).

Michael P. Walsh, executive director and chief investment officer, did not return a phone call seeking further information.