Core Plus Closed End or Open End Real Estate Fund Search

Posted on: September 4, 2018

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 providing a Core Plus Closed or Open End Real Estate Fund. The anticipated allocation is expected to be $15-25 million.  If you are interested in being considered for this RFP, you must submit an electronic copy of the complete proposal by 4:00 CST on September 28, 2018. Responses submitted after this time and date will not be considered. The quiet period begins when the RFP is issued and ends when the manager is selected by the Board or the process is declared to be complete.  Managers will 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 September 3, 2018. Questions concerning the RFP must be submitted in writing via e-mail to the investment consultant’s search contact by 3pm CST on September 10, 2018. Properly submitted questions will be consolidated in a single Q&A document and posted on the consultant’s website on or around one weeks prior to the RFP deadline.

 Cover Letter

Closed-End Direct Real Estate Fund RFI

Open-End Real Estate Fund RFI

Exhibit A- Employee Diversity Chart

Exhibit D- Closed-End Direct Real Estate Fund Cash Flows- Appendix 1

Exhibit D- Closed-End Direct Real Estate Fund Performance- Appendix 2

Exhibit D- Closed-End Direct Real Estate Fund Deal Track Record- Appendix 3

Exhibit D- Open-End Real Estate Fund Data RFI

Exhibit G- Legal Disclosures


Q3 Asset Allocation

Current Real Estate Funds



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