Chicago Public School Teachers’ Pension & Retirement Fund issued an RFP for a real estate manager certified as a minority-, women-, or disabled-person-owned business enterprise to manage between $25 million and $75 million in non-core strategies, said Angela Miller-May, director of investments, in an e-mail.
The $9.5 billion pension fund “may hire one or two managers depending on the RFP responses,” Ms. Miller-May said.
The fund seeks exposure in either U.S., non-U.S. or global real estate in either an open- or closed-end commingled fund structure or a separate account, Ms. Miller-May said.
The RFP is available on the pension fund’s website. Proposals are due Sept. 23, with a decision expected Nov. 10.
Callan Associates, the pension fund’s real estate consultant, is assisting in the search.