Chicago Police approves $20m in commitments

The $2.6bn US public pension makes two follow-on commitments out of its fixed income portfolio.

The Chicago Policemen’s Annuity and Benefit Fund (PABF) approved follow-on commitments of $10 million each to Monroe Capital Private Credit Fund III and Clareant European Direct Lending Fund III.

The $2.6 billion US public pension has an 8 percent target allocation to private debt that currently sits at 2.6 percent. Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.