The firm named a market president based in Palm Beach, Fla. to oversee investment management, banking, lending, wealth planning and fiduciary services in the Palm Beach area.

The new firm will continue Denham’s energy resources strategy.

The fund will make investments in wind power, carbon capture and other energy transition initiatives.

Over-promised benefits continue to sink Chicago’s finances as the recent bear market eats into 2021 stock market gains. Investments gaining 25% last year plus federal aid didn’t offer much help to city pension systems, which have more debt than 45 states.

The fund will focus on equity investments of $50 million to $250 million.

The fund partners with founders and management teams to transform businesses and accelerate growth in the food sector.