Illinois Police Officers’ Pension Investment Fund, Peoria, will launch a search for a private markets consultant early this week.
The $11.1 billion pension investment fund’s board approved the search at its Sept. 13 meeting and will issue the RFP early during the week of Sept. 16, a news release said.
IPOPIF is seeking a consultant to assist its investment staff with the construction of its private markets portfolio, which includes targets of 7% to private equity, 5% each to private credit and real estate, and 3% to infrastructure.
The Police Officers' Pension Investment Fund was created by a law signed in December 2019 by Illinois Gov. J.B. Pritzker consolidating 649 downstate and suburban police and fire pension plans into two new pension funds.
The RFP will be posted on IPOPIF’s website. A proposal due date was not provided. A selection is expected in January.
