Chicago PABF Selects Three Managers in $100M Private Equity Search

The Chicago Policemen’s Annuity & Benefit Fund (Chicago PABF) concluded its manager search to fulfill a $100M private equity mandate with the selection of three managers.

According to recently published minutes from its October 24 meeting, the pension approved a motion adopting a $45M allocation to Capital Dynamics, $40M to Levine Leichtman, and $15M to Muller & Monroe covering vintage years 2024 and 2025. NEPC assisted in the search.

Per Dakota data, the deal is Chicago PABF’s latest private equity investment since 2021 when it committed $25M each to Mesirow Financial Private Equity Fund VIII-B and Adams Street Co-Investment Fund V. To date, the Illinois-based pension oversees $3B in total assets.

Written By: Dakota

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Chicago PABF Selects Three Managers in $100M Private Equity Search

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