The Retirement Board (“the Board”) of the Policemen’s Annuity and Benefit Fund of Chicago (“the Fund” or “PABF”) is requesting proposals from qualified firms interested in managing Venture Private Equity fund(s). The estimated allocation for this mandate is estimated to be up to $30 million to be allocated to 1-2 private equity funds. If you are interested in being considered for this RFP, you must submit an electronic copy of the complete proposal by 4:00pm CST on September 29, 2024. Responses submitted after this time and date will not be considered. Questions concerning the RFP must be submitted in writing via e-mail to the investment consultant’s search contact by 3pm CST on September 8, 2025. Responses to properly submitted questions will be consolidated in a single Q&A document and posted on the consultant’s website on or around September 15, 2025. No phone calls please.
The quiet period began July 28, 2025 and ends when the manager is selected by the Board or the process is declared to be complete. Managers are not contact Board members during the quiet period. A manager will be disqualified from the selection process for violating the quiet period. The quiet period for this RFP begins upon public issuance of this RFP.
Please see the links below:
Attachment 1-3: Performance Summary
Exhibit A: Employee Diversity Chart
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