Chicago PABF Commits $40M to Private Credit

The Chicago Policemen’s Annuity and Benefit Fund approved two commitments totaling $40 million to private credit, according to minutes from the January 24th Board meeting.

$20 million was committed to Brightwood Fund V and another $20 million Monroe Fund V. Both commitments represent existing relationships for CPABF.

NEPC assisted with the recommendations. 

As of December 31, 2023, the $2.9 billion pension fund allocates approximately 2.2% to private credit with a target allocation of 5%.

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