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Cook County Annuity & Benefit Funds (CCPF)
The Cook County Annuity & Benefit Funds (CCPF) is the umbrella entity that administers the County Employees' and Officers' Annuity and Benefit Fund and the...
Cook County Annuity & Benefit Funds (CCPF)
The Cook County Annuity & Benefit Funds (CCPF) is the umbrella entity that administers the County Employees' and Officers' Annuity and Benefit Fund and the Forest Preserve District Employees' Annuity and Benefit Fund. These two funds provide defined-benefit pensions for employees of Cook County government and the Forest Preserve District of Cook County. The retirement board is led by President Lawrence Wilson, who oversees the fund's governance and strategic direction. CCPF pursues a multi-asset allocation that includes direct and commingled investments in real estate, infrastructure, and private equity. Real estate commitments span funds such as Mesirow Financial Real Estate Value Fund V, Clarion Lion Properties Fund, Heitman America Real Estate Trust, and J.P. Morgan Strategic Property Fund — targeting mixed-use and commercial properties across the United States. Infrastructure investments include the IFM Global Infrastructure Fund, Brookfield Super-Core Infrastructure Partners, and Pantheon Global Infrastructure Fund IV, gaining global exposure. On the private equity side, CCPF concentrates on buyout strategies across multiple general partnerships. The fund maintains affiliations with several industry bodies, including the Illinois Public Pension Fund Association, the National Association of Securities Professionals, the National Conference on Public Employee Retirement Systems, and the Government Finance Officers Association. Its investment committee, chaired by Tracy Reed, reviews allocations and manager selections. The fund's total assets under management and exact headcount are not publicly disclosed. CCPF distinguishes itself as a public pension system serving a single major county, but operating through separate funds for the county and forest preserve district under one board. This structure creates a consolidated governance framework while maintaining distinct benefit pools. The fund relies heavily on external managers across real assets and private equity rather than building an internal direct investment team.
General information
Firm type
Pension Fund
Year founded
1925
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Principals
Lawrence Wilson
President of the Retirement Board
Tracy Reed
Chairperson of the Investment Committee
Sector focus
Frequently asked questions
What retirement plans does CCPF administer?
CCPF administers three plans: the County Employees' Annuity and Benefit Fund, the Forest Preserve District Employees' Annuity and Benefit Fund, and the County Officers' Annuity and Benefit Fund. Each plan serves a distinct employee population under the Cook County and Forest Preserve District jurisdictions.
How does CCPF access private markets?
The fund invests primarily through commingled fund vehicles rather than direct deals. Known commitments span real estate funds from Mesirow, Clarion, Heitman, and J.P. Morgan, and infrastructure vehicles from IFM, Brookfield, and Pantheon. Buyout strategies round out the private-markets allocation.
Who oversees investment decisions at CCPF?
Tracy Reed chairs the Investment Committee, which makes allocation and manager-selection decisions under the authority of the Retirement Board. Lawrence Wilson serves as Board President. The board operates under Illinois pension statutes and municipal governance requirements.
Is CCPF's AUM publicly available?
CCPF does not publicly disclose its assets under management. The fund reports financial data to Illinois state pension regulators, but detailed AUM figures are not routinely published on a public-facing website or in accessible annual reports.
How does CCPF's dual-sponsor structure affect its governance?
Cook County Government and the Forest Preserve District of Cook County are separate legal entities that each contribute to their respective employee plans. The unified Retirement Board must allocate assets and administer benefits across plans with different contribution bases, workforce sizes, and actuarial profiles, creating a more complex fiduciary landscape than a single-employer municipal plan.
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