Chicago Public School Teachers’ Pension & Retirement Fund is searching for infrastructure investment managers to run up to a $50 million total commitment.
The $10.9 billion fund is searching for a manager of a commingled fund of global or regional infrastructure investments.
The Chicago pension fund’s board is seeking to raise its infrastructure exposure to bring it closer to its 3% target allocation. The pension fund has 2.3% of its assets allocated to infrastructure.
Townsend Group, the pension fund’s real assets consultant, is assisting in the search.
The RFP is available on the pension fund’s website. Proposals are due June 19. The board could make a decision Aug. 20.
Frances Radencic, the pension fund’s director of communications, couldn’t be reached for comment.