The $420 million Chicago Park Employees’ Annuity & Benefit Fund has committed $20 million to infrastructure, according to the July 20 meeting minutes. The commitments mark the plan’s first infrastructure investments.
A motion was made to approve $10 million each to infrastructure managers Ullico Investment Co. and Industry Funds Management.
The investments were part of a search issued in February. Marquette Associates, the pension fund’s investment consultant, managed the search.