FUNDRAISING NEWS | May 10, 2024
The Chicago Policemen’s Annuity and Benefit Fund has approved two commitments to infrastructure totaling $40 million according to minutes from the March 25th Retirement Board meeting.
$25 million was allocated to Global Infrastructure Partners GIP V-A/B and $15 million to JLC Infrastructure Fund II.
The nearly $3 billion Fund has previously invested in three Global Infrastructure Partners funds. The commitment to JLC represents a new relationship for the fund.
An RFP was originally issued in November 2023.
NEPC assisted with the recommendation.
As of December 31, 2023 the $2.97 billion pension fund allocates approximately 3.8% to infrastructure with a target of 4%.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!
Written By: Helen Bascom, Marketing Associate
Helen Bascom is a Marketing Associate at Dakota.
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