Chicago Public School Teachers’ Pension & Retirement Fund issued an RFI for infrastructure investment managers focused on infrastructure investments in the Chicago area.
The $10.4 billion pension fund has a 3% infrastructure target allocation, including 2.3%, or $240 million, invested, according to minutes of its Jan. 29 board of trustees meeting.
The RFI doesn’t give a target allocation for Chicago-area infrastructure investments. “No contract will result” from the RFI, the document states.
“There have been no decisions on infrastructure managers,” Frances Radencic, the pension fund’s director of member and office services, said in an e-mail. “The RFI is simply an information-gathering effort to determine if there is a sufficient pool of investment managers to move forward. … If and when the trustees approve, there will be a formal RFP process.”
Townsend Group, the pension fund’s real assets consultant, is assisting in the search.
The RFI is available on the pension fund’s website. Responses are due March 20.