Chicago Policemen’s Annuity & Benefit Fund committed $25 million to Brookfield Global Transition Fund II.
The $3.2 billion pension fund’s board approved the commitment to the infrastructure fund managed by Brookfield Asset Management at its Aug. 29 meeting, recently released meeting minutes showed.
Brookfield Global Transition Fund II invests across sectors including industrials, renewable power and utilities.
The pension fund issued an RFP in November. Finalist information was not disclosed.
As of June 30, the pension fund’s actual allocation to infrastructure was 3.5%; the target is 4%.
Investment consultant NEPC assisted.
