Chicago Public School Teachers’ Pension & Retirement Fund is searching for private equity managers owned by minorities, women, people with disabilities or veterans to manage up to a total of $40 million.
The board of the $10.2 billion pension fund could hire more than one manager, said Andrew Kelsen, portfolio manager-alternative investments, in an e-mail.
The pension fund’s actual private equity allocation is at its 3% target allocation, according to a March 19 board report.
In private equity, the pension fund has MWDV-qualified managers Hispania Capital Partners, Pharos Capital Group, Palladium Equity Partners, ICV Capital Partners and SynCom Venture Partners as well as Muller & Monroe Asset Management fund of funds, Mr. Kelsen said.
The pension fund issued the RFP as a result of the quality of responses it received to a request for information it issued in February, seeking to identify MWDV-owned private equity managers and build knowledge of their private equity management capabilities.
The RFP is available on the fund’s website. Proposals are due June 26. The board could make a decision Sept. 17.
The board is doing the search without the use of an investment consulting firm.
