Institution: Chicago Firemen Annuity & Benefit Fund
Headquarters: Chicago, United States
Total AUM: $816.40m
Allocation to Alternatives: 4.75%
Chicago FABF has agreed to commit up to $36 million to two core real estate funds, according to recently published board meeting minutes.
The commitments comprise of up to $18 million to Heitman and up to $18 million to CBRE, subject to successful contract negotiations.
The $816.40 million public pension currently allocates 4.75% of its funds to alternatives.
As illustrated in the charts below, Chicago FABF’s last recorded private real estate fund commitment was to 2007 vintage fund Citigroup Real Estate Partners II, for $12.5 million.
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