Chicago Public School Teachers’ Pension & Retirement Fund named Callan Associates, Marquette Associates and NEPC as finalists to provide investment consulting services, said Angela Miller-May, director of investments, in an e-mail.
“We are seeking to hire a single consultant to provide service and assistance to (Chicago teachers pension fund) in the general, real estate and private equity space,” Ms. Miller-May said.
The $10.4 billion pension fund issued a combined RFP in August in a search for a general investment consultant, real estate consultant and private equity consultant, enabling respondents to submit proposals for one or more of the services.
Callan is the pension fund’s incumbent general consultant and private equity consultant, while Townsend Group is the incumbent real estate consultant, whose work includes other real assets, such as infrastructure.
The fund’s board expects to make a decision Friday.