Chicago Police approves $10m commitment

The US public pension has backed a North America-focused fund.

Chicago Policemen’s Annuity & Benefits Fund has committed $10 million to Mesirow Financial Real Estate Value Fund III.

The $3 billion US public pension has a 5 percent target allocation to real estate that currently stands at 2.85 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.