Cook County Selects Three Managers for $60M Non-core RE Mandate

The Cook County Annuity and Benefit Fund has moved forward with its non-core real estate emerging manager selection, committing a total of $60M to three new managers, according to minutes from its October 3 board meeting. 

The Illinois-based pension approved an allocation of $20M each to 1 Seed Partners, Brasa Capital Management, and Caro Investors in a motion adopted by unanimous vote. In the arrangement, Caro Investors will initially receive $10M, with the remaining amount to be held back until Caro Investors Fund I has reached $200M in capital commitments. Callan assisted in the manager search.

Dakota first reported on Cook County’s real estate manager search in July 2023, when it disclosed that it had begun preparations for issuing of RFPs for its core and non-core real estate mandates. 

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