Chicago Public School Teachers' Pension & Retirement Fund is searching for a private equity manager to run up to $20 million in a deep value/special situations commingled fund, said Angela Miller-May, chief investment officer, in an email.
The $9.7 billion pension fund issued an RFP as part of its private equity pacing plan for 2020.
The pension fund's board in January approved making commitments totaling at least $75 million to private equity managers this year.
Thus far in 2020, the pension fund committed $25 million to EQT IX, a buyout fund managed by EQT Partners, and $10 million each to growth equity fund Graham Allen Partners I; MB Global Fund II, a special situations fund managed by MB Global Partners; Sidereal Capital Partners I, a growth equity fund managed by Sidereal Capital Group; and middle-market buyout fund WM Partners II.
The RFP is posted on the pension fund's website. Proposals are due at 4:30 p.m. CDT on July 10. A timeline for a decision has yet to be determined.
Investment consultant Callan is assisting.