CTPF confirms $40m in commitments

The US public pension has backed four PE funds.

Institution: Chicago Teachers’ Pension Fund
Headquarters: Chicago, United States
AUM: $11.11 billion
Allocation to alternatives: 13.60%
Bitesize: $10-50m

Chicago Teachers’ Pension Fund approved $40 million-worth of commitments to private equity funds at its May 2020 board meeting, a contact at the pension informed Private Equity International.

The commitments comprise of $10 million apiece to Sidereal Capital Partners I, Graham Allen Partners I, MB Special Opportunities Fund II and WM Fund II.

The four managers in question received mandates from CTPF as a result of the pension’s private equity RFP announced earlier this year, which focused on sourcing prospective MWDBE-owned fund managers.

The $11.11 billion US public pension has a 5.0 percent target allocation to private equity that currently stands at 3.70 percent.

As illustrated below, CTPF’s private equity commitments tend to focus on buyout funds targeting North American investments.

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