Chicago Public School Teachers’ Pension & Retirement Fund allocated $12.5 million each to Cabrera Capital Partners and Newport Capital Partners for non-core real estate, said Frances Radencic, the pension fund’s director of member and office services, in an e-mail.
The hirings are pending completion of contract negotiations.
The $11.1 billion pension fund issued an RFP in May for emerging managers to manage non-core real estate.
Townsend Group, the pension fund’s real estate investment consultant, is assisting with the search.
