The Firemen’s Annuity & Benefit Fund of Chicago, with approximately $1 billion in assets under management, is in the market for an infrastructure investment manager, to which it plans to allocate $32 million to be invested in an unlisted, open-ended infrastructure equity fund.
The allocation will represent approximately 3% of the total fund, which may allocate the assets to multiple managers. The fund’s CIO, Lorna Scott, deferred all questions regarding the search to the RFP, which can be found at Continue Reading
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