Chicago Firemen's Annuity and Benefit Fund is searching for at least one infrastructure manager to which it plans to commit a total of $32 million.
The $1.1 billion pension fund is looking to commit to one or more unlisted open-end infrastructure funds, according to an RFP on the pension fund's website.
According to the RFP, the pension fund's target to infrastructure is 3%, or about $32 million.
The RFP did not indicate a funding source for the allocation. As of Dec. 31, according to the pension fund's most recent available investment report, there was no actual allocation to infrastructure.
The RFP is available on the pension fund's website. Proposals are due at 3 p.m. CDT on April 1. A timeline for a selection has yet to be determined.
Investment consultant Callan is assisting.
Lorna Scott, chief investment officer, could not be immediately reached for further information.
