The board of the Firemen’s Annuity & Benefit Fund of Chicago (FABF), with approximately $1 billion in assets under management, has approved commitments of up to $15 million each to two open-end infrastructure funds. The public pension fund is now focusing on completing a search for a private credit investment manager.
At its meeting on June 15, FABF’s board approved commitments of up to $15 million each to open-end infrastructure funds managed by IFM Investors and Ullico Investment Advisors, according to an Illinois Freedom of Information Act response from Executive . . .
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