Institution: Chicago Teachers’ Pension Fund
Headquarters: Chicago, US
AUM: $11.80 billion
Allocation to alternatives: 14.10%
Chicago Teachers’ Pension Fund has confirmed $105 million-worth of private equity commitments to five vehicles, a contact at the pension informed Private Equity International.
The commitments comprise of $25 million each to KKR North America Fund XIII and Aberdeen Standard Ventrure Partners XII; $20 million each to NMS Fund IV and Mesirow Financial Private Equity Fund VII-B; and $15 million to Turning Rock Fund II.
The $11.80 billion US public pension has a 5.0 percent target allocation to private equity that currently stands at 4.0 percent.
As illustrated below, the pension fund’s recent commitments are to vehicles focused on the financial services, technology, transport, consumer goods, healthcare and business services sectors within Europe and North America.
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