Chicago PABF Commits $40M to Infrastructure

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!   New call-to-action

Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.

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