Updated with clarification
Chicago Policemen’s Annuity & Benefit Fund is searching for two secondary private equity managers to which it plans to commit $25 million each, said Thomas A. Beyna, the pension fund’s board president and chairman of its investment committee, in an email.
The pension fund has issued the RFP because the pension fund is building out its private equity portfolio toward its target allocation of 5%. As of June 30, the actual allocation was 0.8%.
Investment consultant NEPC is assisting.
The RFP is available on NEPC’s website. Proposals are due at 4 p.m. CST on Nov. 6. A timeline for a decision was not provided.
