Chicago Public School Teachers' Pension & Retirement Fund is searching for minority-owned, women-owned and persons-with-disabilities-owned infrastructure managers, said Angela Miller-May, chief investment officer, in an email.
The $10.8 billion pension fund issued an RFP for commingled funds diversified by sector or region, to which the pension fund would commit a total of up to $25 million. The pension fund will consider multiple managers, Ms. Miller-May said.
As of June 30, the pension fund's allocation to infrastructure was 2.1%; the target is 2%.
Investment consultant Callan is assisting. The RFP is available on the pension fund's website. Proposals are due at 4:30 p.m. CST on Feb. 25. Finalist presentations are tentatively scheduled for April 25, followed shortly thereafter by a decision and contract negotiations to be completed by June 30.