Chicago Public School Teachers' Pension & Retirement Fund hired IFM Investors and Ullico Investment Advisors to manage $35 million and $15 million in infrastructure, respectively, said Angela Miller-May, chief investment officer, in an email.
An RFP was issued in March as part of the pension fund's pacing plan to allocate $100 million to infrastructure over the next five years.
The pension fund has a 2% target to infrastructure. Further details on the new allocations could not be learned by press time.
