Daily Feed
The retirement fund is considering a real estate strategy that targets affordable housing as well as neighborhood and community retail/mixed use within the city of Chicago.
He departed last week after 15 years with the firm and his responsibilities have been redistributed to colleagues.
The retirement system terminated its active domestic large-cap growth equity manager last month due to underperformance.
The four new partners bring the investment consulting firm’s shareholder base to 27 individuals.
The fund close represents Heitman’s “largest closed-end fundraise to date.”
The retirement association was notified of private equity and real assets commitments last week.
The three firms are recommended for watch status due to underperformance.
The retirement fund recently disclosed $60 million in total commitments across private credit and private equity.
The retirement system approved private equity and real assets commitments at its meeting last week.
The tribe issued an RFP seeking investment advisors to assist with overseeing, investing and managing its funds, including a settlement fund.