Chicago Public School Teachers’ Pension & Retirement Fund issued an RFI for private equity managers owned by minorities, women or people with disabilities.
The $11.1 billion pension fund is seeking to identify such firms and build knowledge of their private equity management capabilities. The fund has no intention of awarding any contract as a result of the search, the RFI said.
But the fund officials could seek bids for private equity, spokesman Luke Cushman said in an e-mail, although no timetable or allocation details for a search were available.
“The investment department at CTPF is seeking information” as part of “evaluating the pool of minority, female or disabled-owned approved private equity investment managers,” he said in the e-mail. “As a result of this search, if there is a pool of qualified parties, next steps, timing and announcements of future searches, including the potential of issuing a formal RFP, will be determined as the process unfolds.”
The RFI is available on the pension fund’s website. Responses are due March 6.