Cook County Employees' and Officers' Annuity and Benefit Fund is looking to commit up to $250 million to open-end private infrastructure funds.
The $12.7 billion pension fund issued an RFP because its improved funding is allowing investment staff to "harvest more of the illiquidity premium that private markets offer," said Uwe Schillhorn, chief investment officer.
The pension fund has a target allocation of 2% to private infrastructure, but the pension fund has yet to make any infrastructure commitments, he said.
The RFP is available on the pension fund's website. Registration is required. Proposals are due at 3 p.m. CDT on Oct. 11. Finalist presentations will take place in November, with selections to be made shortly thereafter.
Investment consultant Callan is assisting.