The $3 billion Policemen's Annuity and Benefit Fund of Chicago added four new niche funds across its private debt and private equity portfolios.
Within private debt, Brightwood Capital and J.P. Morgan were selected from four finalists interviewed in early November by the pension fund’s investment committee. The Brightwood Fund V and Lynstone Special Situations Fund II funds each received $20 million.
Brightwood Capital is a private investment firm that specializes in providing growth capital to U.S.-based, small- and medium-sized businesses in five core sectors: technology & telecommunications, healthcare, business . . .
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