Institution: Chicago Teachers’ Pension Fund
Headquarters: Chicago, United States
Allocation to alternatives: 12.20%
Chicago Teachers’ Pension Fund is searching for a new infrastructure fund manager for 2020, a contact at the pension informed Infrastructure Investor.
Chicago Teachers’ has issued a broad RFP for prospective managers, with desired fund sectors or strategies unclear as of yet. It is known however that the pension is intending to commit $40 million from its infrastructure portfolio this calendar year, with the allocated capital potentially being split between the potential new manager and an existing one.
As illustrated below, Chicago Teachers’ last infrastructure commitment was $15 million to 2018-vintage Ullico Investment Advisors’ open-ended Infrastructure Taxable Fund.
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