Chicago PABF Allocates $25M to Brookfield Clean Energy Infrastructure Fund

The Chicago Policemen’s Annuity and Benefit Fund (Chicago PABF) approved a commitment of $25M to Brookfield Global Transition Fund II, according to recently published minutes from its August board meeting.

The Brookfield fund seeks investments in the expansion of clean energy, the acceleration of sustainable solutions, and the transformation of companies operating in carbon-intensive sectors to more sustainable business models.

NEPC assisted with the Infrastructure RFP and subsequent recommendation. Grain Management was also considered for the search.

Per Dakota data, Chicago PABF oversees $3B in assets. As of June 30, the fund allocated 3.5% to infrastructure strategies with a policy target of 4%.