Chicago Policemen's Annuity and Benefit Fund is looking to commit between $10 million and $15 million to a closed-end infrastructure fund.
The $3.8 billion pension fund is seeking proposals from managers of closed-end infrastructure funds who have at least two prior closed funds and are planning to raise at least $400 million for its current fund, according to an RFP posted on the website of investment consultant NEPC, which is assisting with the search.
The pension fund has a target allocation of 4% to infrastructure.
The RFP is on NEPC's website. Proposals are due at 4 p.m. CST on Dec. 29. A timeline for a selection was not provided.
Kevin Reichart, executive director, could not be immediately reached for further information.