The Illinois Police Officers’ Pension Investment Fund (IPOPIF) has issued a request for proposal for a manager for its first-ever infrastructure allocation of up to $450m (€379.7m).
The $15bn US-based pension fund expects to invest 3% of its portfolio in the long-term and plans to make a final decision by the end of July 2026.
IPOPIF plans to focus its initial infrastructure allocation on value-add assets through direct investments and has the flexibility to include primary funds, secondary investments and co-investments.
The pension fund expects transportation, energy, digital communication and utilities as its main infrastructure target sectors.
The mandate favours a single-manager approach but reserves the right to engage multiple partners to achieve the best investment outcome.
To read the latest IPE Real Assets magazine click here.
