Chicago Policemen's Annuity & Benefits Fund is a public pension fund with an investment portfolio valued at $3.42 billion as of March 31, 2024. It holds publicly traded equities, private equity, fixed-income securities, hedge funds, infrastructure, real assets, natural resources, real estate and cash. Returns for 1 year, 3 years, 5 years and 10 years were 12.27%, 4.37%, 7.68% and 6.66%, against benchmark returns of 12.03%, 4.55%, 7.40% and 6.44%, respectively. On March 31, 2024, the private equity portfolio was valued at $214 million, or 6.2% of the total portfolio, up from $202.29 million on December 31, 2023. The private equity allocation includes $68.62 million in private debt strategies. The portfolio is currently underweight against a target allocation of 15%. Private equity returns as of March 31, 2024 for 1 year, 3 years, 5 years and 10 years were 0.36%, 15.65%, 28.78% and 16.28%. Holdings cover buyouts, co-investment, fund of funds, distressed debt, secondaries and venture capital fund strategies, diversified geographically across the Americas, Europe, Africa and Oceania. Within the private equity sub-asset category, the fund invests in the fund of funds, high-quality venture capital partnerships, private equity, investments, direct private placements, and secondary interests in venture capital partnerships, small-capitalization able securities, and corporate re-organization funds (i.e. LBO, management buy-out, and mezzanine financing funds). The fund is open to any first-time fund investments. The infrastructure portfolio was valued at $115.67 million as of March 31, 2024. A board of trustees governs the fund's investments, with Mr. Michael Stiscak as President & Recording Secretary of the Board of Trustees. NEPC is the LP Consultant.
| Investor | Type | Based in | Focus | AUM | Contacts |
|---|---|---|---|---|---|
| Morgan Stanley Investment Management | Fund of Funds | New York | Debt & credit · Core · Co-investment | $1.6T | 1 |
| Blackstone Group - Fund of Funds and Secondary | Fund of Funds | New York | Multifamily · Industrial · Core | $1.1T | 16 |
| New York Life Investment Management | Asset Manager | New York | Multifamily · Industrial · Co-investment | $740B | 5 |
| Brookfield Asset Management | Asset Manager | Toronto, Canada | Multifamily · Industrial · Opportunistic · Joint venture | $690B | 12 |
| KKR | Asset Manager | New York | Multifamily · Industrial · Core · Co-investment | $553B | 11 |
| Ares Management | Asset Manager | Los Angeles | Multifamily · Industrial · Core | $546B | 16 |
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