Chicago Policeman’s Annuity & Benefits sold PE portfolio: Pension & Investments

Chicago Policeman’s Annuity & Benefits Fund sold a portfolio of private equity fund of funds on the secondary market at the end of 2017, Pension & Investments is reporting. Evercore advised the pension fund’s board in the sale, the story said. With the transaction, Chicago Policeman’s Annuity & Benefits Fund switched to private credit from private equity to provide more cash flow, the story said.