Chicago Public School Teachers' Pension & Retirement Fund is searching for minority-owned, women-owned and persons-with-disabilities-owned private equity managers, said Angela Miller-May, chief investment officer, in an email.
The $10.8 billion pension fund has issued an RFP as part of its continuing effort to reach its 5% private equity target. The pension fund plans to commit a total of up to $40 million to multiple funds, Ms. Miller-May said.
As of June 30, the actual allocation to private equity was 2.8%.
The RFP is available on the pension fund's website. Proposals are due at 4:30 p.m. CST on Feb. 1. Finalist presentations are tentatively scheduled for March 21, with a decision expected shortly thereafter.