Chicago Laborers' Annuity and Benefit Fund is searching for a private equity manager to run up to $15 million, according to an RFP posted on the $1.2 billion pension fund's website.
The fund issued an RFP for a manager to run a commingled fund.
As of March 31, the allocation to private markets was 2.7%.
The RFP is available on the pension fund's website. Proposals are due at 5 p.m. CDT on Sept. 30. Potential finalist interviews are scheduled for Nov. 19, and a timeline for a decision has yet to be determined.
Investment consultant Marquette Associates is assisting.
Michael Walsh, executive director and chief investment officer, did not return a phone call seeking further information by press time.