Cook County issues emerging manager RFP
The $8.7 billion Cook County (Ill.) Pension Fund has launched a search for a real estate emerging manager. The pension fund’s real estate consultant, Callan Associates, is assisting in the search. The pension fund issued an RFP on Jan. 27. Proposals are due March 21. The investment objective is to invest in noncore equity or debt-related real estate strategies or publicly traded REIT strategies. The selected emerging managers will manage up to approximately $100 million on behalf of the pension fund. The RFP can be viewed on the pension fund’s website. The pension fund has an 8 percent allocation to real estate, which is an increase from its 5 percent allocation in 2011.