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FUNDRAISING NEWS | January 24, 2025
The Laborers’ and Retirement Board Employees’ Annuity and Benefit Fund (LABF) of Chicago committed a total of $20M split between an opportunistic private credit vehicle and a value-add real estate fund.
According to minutes from its November 19, 2024, board meeting, the pension unanimously approved an allocation of $10M each to Victory Park Capital Asset Backed Opportunistic Credit Fund II and Long Wharf Real Estate Partners VII as follow-on to the investments made in the predecessors of both funds. Per data from Dakota Marketplace, the Illinois-based pension previously committed the same amounts to the first Victory Park Capital ABOC fund in 2021 and the sixth vintage of the Long Wharf real estate fund in 2019.
To date, Chicago LABF oversees approximately $1.1B in total plan assets as per the latest Dakota data.
Written By: Dakota
September 29, 2022
December 06, 2022
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