Manager
Adams Street Partners
Address
1 N. Wacker Dr. Suite 2200 Chicago IL 60606
Contact
John Gray
Phone
312-553-8482
Email
[email protected]
Product
Adams Street Partnership Funds
Asset Class
Private Equity
Market Value
Quartery Fees
Service
ASP operates a pooled vehicle of private equity fund of funds, and th Chicago Police is a participant in the vehicle. The fund is a portfolio of multiple private partnerships investments that are diversified by time, managers and sub-class. The protfolio manages all operations including capital calls, distributions and repoting.
Conditions
The Police participate in numerous investments with Adams Street Partners and the predecessor organization Brinson Partners (BPF Funds). The BPF Funds are billed outside of the fund and the ASP Funds are charged within the fund. As the funds mature (beginning in year 8), the amount of fee decreases by !0% per year unitl the fund is liquidated or goes to zero %. The only other management fees is a carry on secondary investments of 10%.
2012:Q2
Manager
Aetos Alternatives Management, LLC
Address
875 Third Avenue, New York, NY 10022
Contact
Brad Rudner
Phone
212-201-2532
Email
[email protected]
Product
Aetos Capital Growth Portfolio
Asset Class
Hedge Fund of Funds
Market Value
Quartery Fees
$291,031
Service
Investment Manager - Hedge Fund of Funds
Conditions
Management Fee: 0.75% Incentive Fee: 10% of profits Hurdle Rate: 3 month T-bills High Water Mark: Yes Management fees are accrued and paid monthly by the Aetos Capital Funds. Incentive fees are accrued monthly and charged annually to each client account.
2012:Q2
Manager
Angelo, Gordon & Co.
Address
245 Park Avenue, 26th Floor
Contact
Aliana Spungen
Phone
212-692-8267
Email
[email protected]
Product
AG Core Plus Realty Fund II, L.P.
Asset Class
Real Estate
Market Value
Quartery Fees
$102,668
Service
All investment and investment management decisions to be undertaken on behalf of the Partnership, and management and administration of the affairs of the Partnership.
Conditions
(a) Management fees: During the commitment period, 0.5% of unfunded capital plus 0.5% of gross asset cost (not to exceed 1.25% of net funded capital), thereafter 0.5% of gross asset cost (not to exceed 1.25% of net funded capital), and (b) Incentive fees: 15% to Angelo, Gordon, subject to an 8% cumulative preferred return to the investors and a 50% catch-up.
2012:Q2
Manager
ARES Management LTD
Address
1 Knightsbridge, 3rd Floor, London, SW1X 7LX
Contact
Samia Behan
Phone
+ 44 207 259 3030
Email
[email protected]
Product
Apollo European Real Estate Fund III, L.P.
Asset Class
Real Estate
Market Value
Quartery Fees
$28,545
Service
Discretionary asset management
Conditions
From 28 January 2012, the management fee base changes to the aggregate amount of capital contributions less return of capital distributions as the Fund’s commitment period ended on 27 January 2012.
2012:Q2
Manager
Ariel Investments
Address
200 East Randolph Street, Suite 2900, Chicago, IL 60601
Contact
Mellody Hobson, President
Phone
(312) 726-0140
Email
[email protected];
[email protected]
Product
Ariel Small/Mid Cap Value Product
Asset Class
U.S. Domestic Equity Small/Mid Cap Value
Market Value
Quartery Fees
$15,658
Service
Investment Management
Conditions
Fees are based on an annual rate of 0.60% on all assets.
2012:Q2
Manager
Artisan Partners Limited Partnership
Address
875 E. Wisconsin Avenue, suite 800, Milwaukee, WI 53202
Contact
Jodi Helffenstein
Phone
(415) 283-2443
Email
[email protected]
Product
Artisan Non-US Growth
Asset Class
Separate Account
Market Value
Quartery Fees
$152,438
Service
Investment Management
Conditions
The investment management fee for Artisan Partners' services shall be payable quarterly in arrears, and calculated on the average monthly market value of the Account for each quarter, at the following annual rates: 0.80% on assets up to $50 million; 0.60% on assets in excess of $50 million The fee for any partial quarter shall be prorated, based on the number of days during the quarter on which services were provided. *Please refer to the investment management agreement for further details
2012:Q2
Manager
Capital Guardian Trust Company
Address
333 S. Hope Street, Los Angeles, CA 90071
Contact
Michael Consorte
Phone
212-649-1595
Email
[email protected]
Product
International All Countries Equity
Asset Class
Equity
Market Value
Quartery Fees
$131,911
Service
Investment management
Conditions
N/A
2012:Q2
Manager
The Carlyle Group
Address
1001 Pennsylvania Ave, NW, Washington, DC 20004-2505
Contact
Ryan Berland
Phone
202-729-5046
Email
[email protected]
Product
Carlyle Infrastructure Partners, L.P.
Asset Class
Infrastructure
Market Value
Quartery Fees
$88,971
Service
Conditions
2012:Q2
Manager
CBRE Clarion Securities
Address
201 King of Prussia Road, Suite 600 Radnor, PA 19087
Contact
Mark Babiec
Phone
610-995-8980
Email
[email protected]
Product
Global Real Estate Securities Strategy
Asset Class
Global Real Estate - Equity
Market Value
Quartery Fees
$19,871
Service
Investment advisory services
Conditions
Management fees calculated in accordance with the Investment Management Agreement
2012:Q2
Manager
Dearborn Partners, LLC
Address
200 W. Madison Street, Suite 1950, Chicago, IL 60606
Contact
Calvin Pedersen, Managing Director and Jeff Simmons, Managing Director
Phone
312/ 795-5343
Email
[email protected],
[email protected],
[email protected]
Product
Core Bond / Benchmarked Barclays Aggregate
Asset Class
Fixed Income
Market Value
Quartery Fees
$54,303
Service
Actively managed Fixed Income portfolio.
Conditions
0.002
2012:Q2
Manager
Denali Advisors, LLC
Address
5075 Shoreham Place, Suite 270, San Diego, CA 92122
Contact
Luan Dinh
Phone
858-320-4166
Email
[email protected]
Product
DNVHIC
Asset Class
US Equities, LCV
Market Value
Quartery Fees
$39,619
Service
Asset Management
Conditions
The fee is based on assets under management at quarter end
2012:Q2
Manager
DRA Advisors LLC
Address
220 East 42nd Street New York, NY 10017
Contact
Diana Tully
Phone
2126974740
Email
[email protected]
Product
DRA Growth & Income Fund VI, LLC
Asset Class
Real Estate
Market Value
Quartery Fees
$16,867
Service
Real estate fund investment management.
Conditions
The advisory fee is based on a percentage of the cost of real estate owned by the Fund and is charged quarterly in arrears. After the Fund's investors achieve certain performance hurdles, the managing member is entitled to a percentage of distributions.
2012:Q2
Manager
Global Infrastructure Partners
Address
12 East 49th Street, New York, NY 10017
Contact
Jason Baer
Phone
212-315-8132
Email
[email protected]
Product
Global Infrastructure Partners
Asset Class
Infrastructure
Market Value
Quartery Fees
Service
Conditions
2012:Q2
Manager
GMO, LLC
Address
40 Rowes Wharf
Contact
Molly Manning
Phone
617-346-7580
Email
[email protected]
Product
GMO Global Asset Allocation Fund
Asset Class
Asset Allocation - equities, fixed income and cash
Market Value
Quartery Fees
Service
Conditions
The GMO Global Asset Allocation Strategy invests in GMO strategies (underlying stock, bond, etc., strategies). Depending upon the current valuation assessment of the global marketplace the GMO Global Asset Allocation Strategy may own different proportions of underlying strategies at different times. The Strategy attempts to rebalance opportunistically when the investment outlook has changed, when cash flows occur, or when there has been a significant change in market valuation levels. The GMO Global Asset Allocation Strategy seeks to outperform its benchmark by 2%-3% per annum with low risk relative to its benchmark. The Strategy uses both top-down and bottom-up valuation methodologies to value asset classes, countries, and individual securities in Please refer to attached GMO Trust Prospectus dated June 30, 2012.
2012:Q2
Manager
Great Lakes Advisors, LLC
Address
222 S. Riverside Plaza, Suite 2800
Contact
Mike Howard
Phone
312-553-3745
Email
[email protected]
Product
Large Cap Value Equity
Asset Class
Value Equity
Market Value
Quartery Fees
$119,407
Service
Investment management fees
Conditions
Investment management fees are based on the ending market value of assets under management for the previous quarter. The fee schedule for the Policemen's Annuity Fund is as follows: First $50M at 35 basis points; $50M to $150M at 25 basis points; $150M to $200M at 15 basis points and over $200M at 10 basis points. Great Lakes Advisors does not accept performance based fees or utilize hurdle rates, high water marks or claw backs.
2012:Q2
Manager
HarbourVest Partners LLC
Address
One Financial Center, Boston, MA 02111
Contact
Thomas Conroy
Phone
617-348-3707
Email
[email protected]
Product
HarbourVest Partners V Disrect Fund L.P.
Asset Class
Private Equity
Market Value
Quartery Fees
Service
N/A
Conditions
N/A
2012:Q2
Manager
Holland Capital Management LLC
Address
303 West Madison, Suite 700 Chicago, IL 60606
Contact
Valerie King
Phone
312-553-4831
Email
[email protected]
Product
Large Cap Growth Equity
Asset Class
Equity
Market Value
Quartery Fees
$62,841
Service
Large Cap Growth investment advisory services
Conditions
Fees are computed and billed at the close of each calendar quarter and are based upon the market values of the assets under management as dtermined by Holland Capital Management LLC. Market value is defined as the average of the three month-end values for the quarter being billed. If any additionas to or withdrawals from the assets of the account occur during any month in which this Agreement is in effect, the asset value utilized for the fee calculation may be adjusted to pro-rate additions and withdrawals that occured during such month.
2012:Q2
Manager
J.P. Morgan Investment Management Inc.
Address
575 Washington Boulevard - 10th Floor, Jersey City, NJ 07014
Contact
Melia J. Dowe
Phone
201-595-1510
Email
[email protected]
Product
Eafe Plus
Asset Class
International equities
Market Value
Quartery Fees
$186,481
Service
J.P. Morgan Investment Management Inc. operates as an investment advisor managing an EAFE Plus separately managed equity portfolio for the Chicago Police.
Conditions
J.P. Morgan Investment Management Inc. charges an investment management fee on a sliding asset scale calculated as of the last business day of each calendar quarter-end based on the average of J.P. Morgan Investment Management Inc. three month-end market values. The market values are adusted to pro-rate any contributions or withdrawals that occurred during the billing period when the daily sum exceeds the greater of $ 1million or 2% of the portfolio's market value. Any mutual funds held in the portfolio are excluded from the market value.
2012:Q2
Manager
K2 Advisors LLC
Address
300 Atlantic Street, 12th Floor Stamford, CT 06901
Contact
Joe Hernandez
Phone
203-905-5385
Email
[email protected]
Product
K2 Overseas Investors I, Ltd.
Asset Class
Fund of Hedge Funds
Market Value
Quartery Fees
$141,059
Service
Investment Management
Conditions
Management fees are accrued monthly and paid to K2 quarterly, in advance.
2012:Q2
Manager
LM Capital Group, LLC
Address
401 B Street, Suite 950 San Diego, CA 92101
Contact
Jennifer Sturak, Vice President, Client Service
Phone
(619) 814-1401, ext 118
Email
[email protected]
Product
Opportunistic Core (Core Plus)
Asset Class
Fixed Income
Market Value
Quartery Fees
$23,715
Service
LM Capital Group, LLC provides investment management services to the Policemen's Annuity and Benefit Fund of Chicago for an Opportunistic Core (Core Plus) fixed income account.
Conditions
LM Capital Group's investment service fee is dependent upon the portfolio investment objective and the amount of assets in the account. Fees are billed on a quarterly basis. The firm does not participate in soft dollar arrangements or wrap fee programs. Additionally, LM Capital Group does not compensate any individuals or entities for the referral of advisory clients to the firm.
2012:Q2
Manager
Lone Star Funds
Address
2711 North Haskell, Suite 1700, Dallas, TX 75204
Contact
Kevin Carlson
Phone
214-754-8475
Email
[email protected]
Product
Lone Star Fund VI (U.S.), L.P.
Asset Class
Private Equity
Market Value
Quartery Fees
$3,845
Service
Direct fees above represent the portion of Fund VI management fee allocated to Chicago - PABF for the quarter ended March 31, 2013. The year to date management fee allocation is $3,845. Additionally, based on achieving certain performance targets, the general partner may become eligible to receive a carried interest payment. As of March 31, 2013, carried interest payments to the general partner totaled $165,490.
Conditions
The management fee is charged during the Investment Period at a rate of 1.50% per annum on the average Outstanding Committed Capital balance, and subsequent to the Investment Period at a rate of 1.00% per annum on the average Outstanding Contributed Capital balance. The Investment Period ended on December 1st, 2009 as a result of a First Close of a subsequent Fund.
2012:Q2
Manager
Lone Star Funds
Address
2711 North Haskell, Suite 1700, Dallas, TX 75204
Contact
Kevin Carlson
Phone
214-754-8475
Email
[email protected]
Product
Lone Star Real Estate Fund (U.S.), L.P.
Asset Class
Private Equity
Market Value
Quartery Fees
$5,005
Service
Direct fees above represent the portion of the Real Estate Fund management fee allocated to Chicago - PABF for the quarter ended March 31, 2013. The year to date management fee allocation is $5,005. Additionally, based on achieving certain performance targets, the general partner may become eligible to receive a carried interest payment. As of March 31, 2013, there have been no carried interest payments to the general partner.
Conditions
The management fee is charged during the Investment Period at a rate of 1.50% per annum on the average Outstanding Committed Capital balance, and subsequent to the Investment Period at a rate of 1.00% per annum on the average Outstanding Contributed Capital balance. The Investment Period ended on December 1st, 2009 as a result of a First Close of a subsequent Fund.
2012:Q2
Manager
MGPA Ltd
Address
60 Sloane Avenue, London, SW3 3XB, UK (address of contact person below)
Contact
Oscar Bergman
Phone
+44 20 7591 5461
Email
[email protected]
Product
MGPA Asia Fund III, L.P.
Asset Class
Limited Partnership
Market Value
Quartery Fees
$25,059
Service
In Q1 2013 Management fees, debt financing fees and Development Managements fees were charged to Chicago Police. Management fees are payable to the General Partner. Debt financing fees are charged for debt placement services that are preformed for individual projects that are in addition to the services included in the Management fee. Development fees are charged for development services that are preformed for individual projects that are in addition to the services included in the Management fee. Management fees are charged at a rate of 100bps on capital commitment plus 100bps on Adjusted Net Assets during Investment period, and management fees are charged at a rate of 200bps on Adjusted Net Assets post Investment period. Debt financing fees vary from project to project. Development fees vary from project to project. The total amount charged is disclosed in the audited Q4 financial statements.
Conditions
2012:Q2
Manager
McKinley Capital Management, LLC
Address
3301 C Street, Suite 500, Anchorage, AK 99503
Contact
Steve Herbert
Phone
203-202-2113
Email
[email protected]
Product
Non-U.S. Growth
Asset Class
Equity
Market Value
Quartery Fees
$104,117
Service
Asset Managmement
Conditions
Fee schedule below is billed quarterly in arrears: .75% for the first $10 million .65% for the next $15 million .60% for the next $25 million .50% for the next $100 million
2012:Q2
Manager
Mesa West Capital, LLC
Address
11755 Wilshire Blvd, Ste 2100 Los Angeles, CA 90025
Contact
Tom Hester
Phone
310-806-6322
Email
[email protected]
Product
Mesa West Real Estate Income Fund II, LP
Asset Class
Value-add Real Estate Debt
Market Value
Quartery Fees
$55,876
Service
Management of private equity investment funds investing primarily in commercial mortgage loans, and commercial mortgage-related investments to a lesser degree.
Conditions
1.4% annual management fee on committed capital, with the fee adjusted downward by the amount of any allocated placement agent fees paid by the investment fund on behalf of the firm.
2012:Q2
Manager
Mesirow Financial Private Equity
Address
353 N. Clark Street
Contact
Anne Lanser
Phone
312-595-6920
Email
[email protected]
Product
Mesirow Financial Private Equity Partnership Fund III, L.P.
Asset Class
Private Equity
Market Value
Quartery Fees
$38,250
Service
The quarterly fees are payment for the management of the client's private equity commitment to Mesirow Financial Private Equity Partnership Fund III, L.P.
Conditions
Managment fees are charged as a percentage of committed capital in accordance with the Limited Partnership Agreement. The initial blended management fee rate was 85 bps per year on committed capital of $20 million. Effective July 1, 2012, the annual 10% management fee reduction commenced and the current blended rate is 76.5 bps of committed capital.
2012:Q2
Manager
Mesirow Financial Private Equity
Address
353 N. Clark Street, Chicago, IL 60654
Contact
Anne Lanser
Phone
312-595-6920
Email
[email protected]
Product
Mesirow Financial Private Equity Partnership Fund IV, L.P.
Asset Class
Private Equity
Market Value
Quartery Fees
$46,875
Service
The quarterly fees are payment for the management of the client's private equity commitment to Mesirow Financial Private Equity Partnership Fund IV, L.P.
Conditions
Managment fees are charged as a percentage of committed capital in accordance with the Limited Partnership Agreement. The client is charged a blended rate of 93.75 bps per year on committed capital of $20 million.
2012:Q2
Manager
Mesirow Financial
Address
353 North Clark Street - 15th Floor; Chicago, IL 60654
Contact
John Pierson
Phone
(312) 595-7848
Email
[email protected]
Product
Mesirow Financial Real Estate Value Fund, L.P.
Asset Class
Real Estate - Value Add
Market Value
Quartery Fees
$37,500
Service
Asset management fees
Conditions
In accordance with the LPA, during the Investment Period, the GP will receive directly from each LP an annual asset management fee, paid quarterly in arrears, calculated at 1.5% per annum of such LP's aggregate Capital Commitment. After the Investment Period, the GP will receive directly from each LP an annual asset management fee in an amount equal to 1.5% per annum of such LP's aggregate Invested Capital for all nonliquidated Portfolio Investments. Distributable Proceeds (DP), as defined, are initially apportioned among the LPs and the GP in proportion to their percentage interests. The amount initially apportioned to the GP will be distributed to the GP. After the return of capital to the LPs, the LPs receive a 9% preferred return compounded annually. Thereafter, DP are allocated 50% to the LPs and 50% to the GP as a catch-up unitl the GP receives 20% of all distributions made to the LPs. Thereafter, the remaining DP shall be distributed 80% to the LPs and 20% to the GP.
2012:Q2
Manager
Montag & Caldwell, LLC
Address
3455 Peachtree Road, NE Suite 1200 Atlanta GA 30326
Contact
Jim Deming
Phone
404-836-7122
Email
[email protected]
Product
M&C Large Cap Growth
Asset Class
Large Cap Growth
Market Value
Quartery Fees
$37,407
Service
Manage large cap growth assets for Retirement Plan Policemen's Annuity & Benefit Fund City of Chicago since December 1996
Conditions
Follow fee schedule in place since inception
2012:Q2
Manager
Morgan Stanley Real Estate
Address
1585 Broadway - 37th Floor, New York, NY 10019
Contact
MSRE Investor Services
Phone
Email
[email protected]
Product
MSREF VI International
Asset Class
Private Equity
Market Value
Quartery Fees
$3,710
Service
Management of Morgan Stanley Real Estate Fund VI International
Conditions
Management Fees- 2.0% for Limited Partners with commitment less than $25 million; 1.5% for greater than $25 million but less than $150 million; 1.0% for major Limited Partners with $150 million or more Acquisition Fees- Lesser of 1.0% of gross value of consideration paid or 5% of the equity capital Incentive Fees- 100% to Investor until distributions received are equal to capital contributions plus a 9% preferred return and closed investment shortfalls; Next, 60% to the GP and 40% to the LP until the GP receives 20% of profits to date. Thereafter, LP receive distributions and allocation on an 80%/20% basis.
2012:Q2
Manager
Morgan Stanley Real Estate Advisor, Inc.
Address
1585 Broadway - 37th Floor, New York, NY 10019
Contact
MSRE Investor Services
Phone
Email
[email protected]
Product
Prime Property Fund, LLC
Asset Class
Core Real Estate
Market Value
Quartery Fees
$41,867
Service
N/A
Conditions
N/A
2012:Q2
Manager
Muller & Monroe Asset Management, LLC
Address
180 N. Stetson Ave. Suite 1320, Chicago, IL 60601
Contact
Darius Grandberry
Phone
312.782.1074
Email
[email protected]
Product
Illinois Private Equity Fund of Funds, L.P.
Asset Class
Private Equity
Market Value
Quartery Fees
$20,480
Service
Illinois Private Equity Fund of Funds, LP (the “Partnership”) is a fund-of-funds that invests in venture capital, buyout and other private equity funds. Illinois Private Equity Fund of Funds G.P., LLC, ("ILPEFF GP"), a Delaware limited liability company, serves as the General Partner of the Partnership. Muller & Monroe Asset Managment, LLC owns a majority interest of ILPEFF GP and serves as the management company to the Partnership in which capacity it provides investment advice and investment management services to the Partnership.
Conditions
Annual management fees are equal to 1% of aggregate commitments until December 1, 2009. Thereafter annual management fees shall equal 1% of the net invested capital of the Partnership. As of March 31,2013, the net invested capital of the Partnership equals $47,327,339 . Amounts distributed to partners of the Partnership from distributions made to the Partnership from its portfolio funds are subject to recall from the Partnership in the event a portfolio funds recalls such amount from the Partnership. In addition to the management fee detailed above, ILPEFF GP shall receive a carried interest of 5% of the distributions after all capital has been returned to the partners of the Partnership and an 8% preferred return has been paid on the capital contributed by the partners of the Partnership. The Partnership shall pay all expenses attributable to the Partnership unless otherwise noted by the Agreement of Limited Partnership of the Partnership.
2012:Q2
Manager
Muller & Monroe Asset Management, LLC
Address
180 N Stetson Ave, Suite 1320, Chicago, IL 60601
Contact
Darius Grandberry
Phone
312.782.1074
Email
[email protected]
Product
M2 Private Equity Fund of Funds, L.P.
Asset Class
Private Equity
Market Value
Quartery Fees
$30,000
Service
M2 Private Equity Fund of Funds, LP (the “Partnership”) is a fund-of-funds that invests in venture capital, buyout and other private equity funds. M2 PEFF G.P., LLC ("M2PEFF GP"), a Delaware limited liability company, serves as the General Partner of the Partnership. Muller & Monroe Asset Managment, LLC owns a majority interest of M2PEFF GP and serves as the management company to the Partnership in which capacity it provides investment advice and investment management services to the Partnership.
Conditions
Annual management fees are equal to 1% of the aggregate commitments of the partners to the Partnership (the "Total Commitments") until December 18, 2011. Total Commitments as of March 31, 2013 equal $95,950,000. The management fees after December 18, 2011 are determined as follows: (i) on and after December 18, 2011, the Management Fee shall equal .9% of the Total Commitments, (ii) on and after December 18, 2012, the Management Fee shall equal .8% of the Total Commitments, (iii) on and after the December 18, 2013, the Management Fee shall equal .7% of the Total Commitments, (iv) on and after December 18, 2014, the Management Fee shall equal .6% of the Total Commitments, (v) on and after December 18, 2015, the Management Fee shall equal .5% of the Total Commitments, (vi) on and after December 18, 2016, the Management Fee shall equal .4% of the Total Commitments, (vii) on and after December 18, 2017, the Management Fee shall equal .3% of the Total Commitments, (viii) on and after December 18, 2018, the Management Fee shall equal .2% of the Total Commitments. Amounts distributed to partners of the Partnership from distributions made to the Partnership from its portfolio funds are subject to recall from the Partnership in the event a portfolio funds recalls such amount from the Partnership. In addition to the management fee detailed above, M2PEFF GP shall receive a carried interest of 5% of the distributions after all capital has been returned to the partners of the Partnership and an 8% preferred return has been paid on the capital contributed by the partners of the Partnership. The Partnership shall pay all expenses attributable to the Partnership unless otherwise noted by the Agreement of Limited Partnership of the Partnership.
2012:Q2
Manager
Northern Trust
Address
50 S. LaSalle Street
Contact
James Dominguez
Phone
312-557-3391
Email
[email protected]
Product
Northern Trust Russell 1000 Index Fund - Non Lending
Asset Class
Russell 1000
Market Value
Quartery Fees
$23,654
Service
Conditions
2012:Q2
Manager
Oaktree Capital Management, L.P.
Address
333 S. Grand Ave., 28th Floor; Los Angeles, CA 90071
Contact
Jodi Meadow
Phone
213-830-6790
Email
[email protected]
Product
Oaktree Senior Loan Fund, L.P.
Asset Class
U.S. Senior Loans
Market Value
Quartery Fees
$48,144
Service
Investment management of the Oaktree Senior Loan Fund, L.P.
Conditions
The Fund pays Oaktree, as investment manager of the Fund, a management fee (the “Management Fee”) equal to 0.50% per annum of the Fund’s Net Asset Value, excluding the Net Asset Value attributable to the capital account of the General Partner. The Management Fee will be paid quarterly in advance. Please refer to the Fund's LPA for further details.
2012:Q2
Manager
SEI Trust Company
Address
1 Freedom Valley Drive Oaks, PA 19456
Contact
Tamara McManus
Phone
610-676-1538
Email
[email protected]
Product
PIMCO All Asset Collective Trust
Asset Class
Collective Investment Trust
Market Value
Quartery Fees
Service
In its capacity as trustee, the Trustee is responsible for the overall management of the Trust, including the investment management and custody of the Trust’s assets, retention of investment advisers to assist the Trustee in managing the Trust’s assets, and Trust administration.
Conditions
Each Participating Plan invested in the Trust shall pay a fee for the Trustee’s services (the “Management Fee”) based on such Participating Plan’s assets invested in each of the Funds that comprise the Trust.The Management Fee will be accrued at a daily rate and paid monthly in arrears from the Participating Plan’s assets invested in the Trust. All expenses for fiduciary services provided by the Trustee and investment advisory and administrative services provided by PIMCO (the “Adviser”), will be paid from the Management Fee.
2012:Q2
Manager
Quadrant Real Estate Advisors
Address
12735 Morris Road, Suite 100, Alpharetta GA 30004
Contact
Jessica Eggins
Phone
770-752-6717
Email
[email protected]
Product
Quadrant Fund - Open-ended commingled commercial real estate fund
Asset Class
Commercial Real Estate Fund
Market Value
Quartery Fees
$13,669
Service
Investment Manager of Quadrant Fund
Conditions
Asset Management Fee of 90 basis points calculated monthly based on Net Asset Value; no other advisory fees are charged. Fund operating expenses (i.e., audit, tax, custodian, etc.) are capped at 25 basis points per annum.
2012:Q2
Manager
RCP Advisors, LLC
Address
100 N. Riverside Plaza, Suite 2400 Chicago, IL 60606
Contact
Debbie Mize
Phone
312-229-4129
Email
[email protected]
Product
RCP Fund VI, LP
Asset Class
Private Equity Fund-of-Fund
Market Value
Quartery Fees
$164,594
Service
RCP Advisors makes private equity investments on behalf of private and institutional investors. RCP Fund VI is a private equity fund-of-funds focused on the U.S. Small / Middle Market Buyout sector. The Fund invested in 15 fund partnerships diversified across industry, style, geography, maturity and size.
Conditions
RCP Fund VI charged .25% management fees in Q1 2013 (1% per year charged quarterly). Additional ongoing expenses were charged for the quarter. Fees & expenses charged to RCP Fund VI are passed through to each investor based on their commitment amount.
2012:Q2
Manager
Shamrock Capital Advisors, Inc.
Address
4444 W. Lakeside Drive
Contact
George Buchler
Phone
818-973-4222
Email
[email protected]
Product
Shamrock-Hostmark Hotel Fund, LP
Asset Class
Hotels
Market Value
Quartery Fees
Service
The Fund focuses on the acquisition, redevelopment, renovation and management of hotel and hospitality properties in the United States.
Conditions
Fund expenses are recorded when incurred. Management fees are equal to 1.5% of total capital commitments less capital contributions already returned and undrawn capital, with the exception of (i) existing capital commitments, in writing, to be invested in a portfolio project and (ii) amounts reserved for partnership expenses.
2012:Q2
Manager
Taplin Canida & Habacht, LLC
Address
1001 Brickell Bay Drive, Suite 2100, Miami, FL 33131
Contact
Alissa Barrios/Carla Kuru
Phone
305-379-2100
Email
[email protected]/
[email protected]
Product
Core Fixed Income
Asset Class
Fixed Income
Market Value
Quartery Fees
$33,952
Service
Investment Advisory
Conditions
N/A
2012:Q2
Manager
UBS Global Asset Management (Americas) Inc.
Address
UBS Tower - One North Wacker Dr. Chicago, IL 60606
Contact
Brandon Melbye
Phone
312.525.7126
Email
[email protected]
Product
UBS Global exUS ACWI Equity
Asset Class
Global exUS ACWI Equities
Market Value
Quartery Fees
$176,430
Service
US Global exUS ACWI equities discretionary investment management services.
Conditions
The method used for calculating our invesment management fees is described in detail in the Investment Management Agreement between our two organizations. The following is a brief description of the methodology. Fees shall be paid quarterly in arrears based on the market value of the account at the end of the quarter. Fees shall be appropriately prorated in the event any significant withdrawals from or contributions to the account occur duing a quarter. The account shall be elifible for a relationship discount of 15% which shall be applied to the total Investment Management Fee for so long as the Policeman's Annuity & Benefit Fund of The City of Chicago maintains more than one account with the Investment Manager.
2012:Q2
Manager
UBS Global Asset Management (Americas) Inc.
Address
UBS Tower - One North Wacker Dr. Chicago, IL 60606
Contact
Brandon Melbye
Phone
312.525.7126
Email
[email protected]
Product
UBS Global exUS ACWI Equity
Asset Class
Global exUS ACWI Equities
Market Value
Quartery Fees
$176,430
Service
US Global exUS ACWI equities discretionary investment management services.
Conditions
The method used for calculating our invesment management fees is described in detail in the Investment Management Agreement between our two organizations. The following is a brief description of the methodology. Fees shall be paid quarterly in arrears based on the market value of the account at the end of the quarter. Fees shall be appropriately prorated in the event any significant withdrawals from or contributions to the account occur duing a quarter. The account shall be elifible for a relationship discount of 15% which shall be applied to the total Investment Management Fee for so long as the Policeman's Annuity & Benefit Fund of The City of Chicago maintains more than one account with the Investment Manager.
2012:Q2
Manager
Wellington Management Company, LLP
Address
280 Congress Street, Boston Massachusetts 02110
Contact
Michelle Hunter
Phone
(312) 845-1402
Email
[email protected]
Product
Core Bond Plus
Asset Class
Fixed Income
Market Value
Quartery Fees
$130,979
Service
We manage money in the Core Bond Plus investment style. The performance objective of the Portfolio is to: (1) Exceed the rate of return of the LB Aggregate Bond Index over reasonable measurement periods, net of fees. (2) Achieve an above-median ranking within a universe of fixed-income funds.
Conditions
Fee Schedule: First $100m 30 bps; Over $100m 15 bps
2012:Q2
Manager
Wells Capital Management
Address
525 Market Street, San Francisco, CA 94105
Contact
Sandra M. Willen, CFA
Phone
213-253-3131
Email
[email protected]
Product
Montgomery Core Fixed Income
Asset Class
Core Fixed Income
Market Value
Quartery Fees
$121,911
Service
Wells Capital Management's Montgomery Fixed Income team manages a core fixed income portfolio for the Policemen's Annuity and Benefit Fund City of Chicago.
Conditions
The investment management fee will be calculated by Adviser and billed quarterly in arrears on the average monthly market value of the Account. Market value on any date is equal to the sum of the market values on all securities plus cash held in the Account. The average monthly market value of the Account will be calculated as the sum of the market value at the end of each month of the quarter divided by three. Payment is due within thirty days of receipt of invoice.
2012:Q2
Manager
William Blair & Company
Address
222 W. Adams St., Chicago, IL 60606
Contact
Alex Schneider
Phone
312-364-8960
Email
[email protected]
Product
International Growth
Asset Class
Non-US Equity
Market Value
Quartery Fees
$105,743
Service
Investment Management Services - International Growth
Conditions
Chicago Police International Growth Fee Schedule 0.800% 20,000,000.00 0.600% 30,000,000.00 0.500% 50,000,000.00 0.450% 50,000,000.00 Credit -Investment in Em. Growth Fund -5% Discount
0.568%
2012:Q2
Manager
William Blair & Company
Address
222 W. Adams St., Chicago, IL 60606
Contact
Alex Schneider
Phone
312.364.8960
Email
[email protected]
Product
SMID Growth
Asset Class
US Equity
Market Value
Quartery Fees
$200,666
Service
Investment Management services- US Equity (SMID Growth)
Conditions
Chicago Police SMID Growth Fee Schedule 0.950% 10,000,000.00 0.800% 20,000,000.00 0.750% 20,000,000.00 0.700% 50,000,000.00 0.650% 100,000,000.00
2012:Q2
Manager
Invesco
Address
1166 Avenue of the Americas, New York, NY 10036
Contact
Dyice Ellis-Beckham
Phone
(212) 278-9108
Email
[email protected]
Product
INVESCO Partnership Fund IV, LP
Asset Class
Private Equity Fund of Funds
Market Value
Quartery Fees
$93,750
Service
Invesco Partnership Fund IV is a global private equity fund os funds consisting of three Sector Funds - Invesco U.S. Venture Partnership Fund IV (“IVP4”), Invesco U.S. LBO & Corporate Finance Partnership Fund IV (“IUS4”) and Invesco International Partnership Fund IV (“INUS4”). IVP4 invests in venture capital funds, including both U.S. and international funds focusing on both early and later-stage venture capital investments. IUS4 invests U.S. private equity funds, including small, mid-size and large domestic buyout funds. INUS4 invests in non-U.S. private equity funds, including non-U.S. buyouts, expansion capital, turnaround, mezzanine and distressed investment partnerships. Management Fee: Per the Policement's Annuity & Benefit Fund side letter agrement, the management fee is 75 basis points per annum on aggregate capital commitments paid quarterly in advance. Carried Interest: No carried interest on primary partnership investments. 10% carried interest on secondary partnership investments. Hurdle Rate: Although there is no hurdle rate, carried interest on secondary partnership investments is not paid until all committed capital has been returned to Limited Partners. GP Giveback: If, upon liquidation of a Fund, the General Partner has received distributions with respect to its carried interest on secondary partnership investments that exceed 10% of the Fund’s cumulative net profits from secondary interests, then the General Partner shall return to the Fund the lesser of (1) the amount of such excess and (2) the amount of distributions (other than tax distributions) received by the General Partner with respect to its carried interest from secondary interests.
Conditions
2012:Q2
Manager
Newport Capital Partners
Address
5215 Old Orchard Road, Suite 970, Skokie, IL 60077
Contact
Thru Shivakumar
Phone
847.324.7790 ext. 205
Email
[email protected]
Product
Asset Class
Real Estate Direct Investments
Market Value
Quartery Fees
$42,266
Service
General Partner of DV Urban Realty Fund 1
Conditions
Fixed Fee
2012:Q2
Manager
EII Realty Securities, Inc.
Address
640 Fifth Avenue, New York, NY 10019
Contact
Lynn Marinaccio
Phone
212-735-9582
Email
[email protected]
Product
E.I.I. World Fund
Asset Class
Global Real Estate Securities
Market Value
Quartery Fees
$15,157
Service
Conditions
2012:Q2