Chicago Public School Teachers' Pension & Retirement Fund is searching for an infrastructure manager to run up to $50 million, said an RFP on the $10.9 billion pension fund's website.
The search is part of the pension fund's pacing plan to allocate $100 million to infrastructure over the next five years that was approved at the Feb. 15 board meeting. The $100 million is needed to maintain the pension fund's 2% target to infrastructure, Chief Investment Officer Angela Miller-May previously told Pensions & Investments.
The RFP is available on the pension fund's website. Proposals are due by 4:30 p.m. CDT on April 9. A timeline for a hiring decision could not immediately be learned.
Investment consultant Callan is assisting.