News / Chicago pension fund invests in IFM and Ullico Investments

Chicago pension fund invests in IFM and Ullico Investments

🕔 August 8, 2013
Danish CIP's 3rd energy fund secures EUR2.8 billion in commitments

The Retirement Board of the Chicago Park Employees' Annuity and Benefit Fund (PEABF) has decided to invest in two open-end infrastructure vehicles choosing Industry Funds Management (IFM) and UIlico Investment Company, Inc.

On May 16, the pension fund interviewed three firms, which included JP Morgan's Infrastructure Investments Group, Australia's Industry Funds Management (IFM) Infrastructure, and Washington D.C. based UIlico Investment Company, Inc..

Finally JP Morgan's firm was discarded and the pension fund decided to allocated $10 million to IFM and UIlico Investment Company, Inc. The measure passed in a 3-2 vote at its June meeting.

Investment consultant Marquette Associates assisted the pension fund during the search process.

Previously, the fund had released procurement documents for private open-end infrastructure in February 2013. The RFP said "the Fund anticipates funding the Manager with approximately $20 million, unless more than one manager is selected."



League Tables

InfraPPP accepts project & transaction submissions to ensure that the data we have in our databases is accurate.

Download Submission Form  Download Submission Form

Newsletter

Subscribe to our newsletter and get in your inbox jobs, news and business opportunities.


East Africa Energy & Infrastructure Summit
Requests for Expression of Interest in Ghana
Oman Power & Water Procurement Company

Follow us on Twitter