Chicago Transit Authority Employees Retirement Plan is searching for a private equity fund-of-funds manager to run approximately $25 million, said an RFP on the $1.7 billion pension fund’s website.
The reason for the search could not immediately be learned.
The RFP is available on the pension fund’s website.
Proposals are due by 3 p.m. CDT on April 7. A date for a hiring decision was not disclosed.
Investment consultant Marquette Associates is assisting.
As of June 30, the pension fund had a 10% private equity target and actual allocation of 4.3%.
John Kallianis, the pension fund's executive director, could not be reached for further information by press time.