The $1.1 billion Laborers’ and Retirement Board Employees’ Annuity and Benefit Fund (LABF) of Chicago has approved a $10 million commitment to Long Wharf Real Estate Partners Fund VI, managed by Long Wharf Capital, according to a recently released board meeting document.
The value-add fund invests in a variety of real estate sectors in the United States, including CBD office, hotel, industrial, multifamily, retail and suburban office assets.
Several Illinois pension funds committed capital to the Boston-based manager’s fund this year, including Illinois Municipal Retirement Fund with $35 million in February and the State University Retirement System of Illinois with $40 million in April.
Launched in July 2018, the fund has raised more than half of its $500 million target.
LABF Chicago had a 10.5 percent allocati
