Chicago Public School Teachers’ Pension & Retirement Fund approved two new commitments totaling $30 million.
The $12.5 billion pension fund’s board at its June 20 meeting approved commitments of $20 million to Mesirow Private Equity Co-Investment Fund IX, a private equity co-investment fund managed by Mesirow Financial, and $10 million to JLC Infrastructure Fund II, an infrastructure fund managed by a joint venture between Magic Johnson Enterprises and investment bank Loop Capital Partners, spokeswoman Michelle Holleman said.
The pension fund previously committed $20 million to Mesirow Private Equity Fund VIII-B in 2021 and $10 million to JLC Infrastructure Fund I in 2019.
As of March 31, the actual allocations to private equity and infrastructure were 8.5% and 2.3%, respectively; their respective targets are 5% and 2%.
Investment consultant Callan assisted.
