CTPF issues RFP for special situation PE fund managers

The US pension fund is seeking opportunities for special situations.

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

Chicago Teachers’ Pension Fund has issued a request for PE managers providing special situations investment services.

The fund plans to commit up to $20 million to the mandate. Eligible managers should have a fully documented track record of realised investments in private equity assets, on behalf of institutional investors for at least three years over multiple market cycles. They must also have more than $200 million in assets under management for private equity investments. The submission deadline is 10 July 2020.

As illustrated below, the $11.11 billion US public pension currently allocates 13.60% of its investment portfolio to alternative assets.

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