Chicago Transit Authority Employees Retirement Plan committed $35 million to Mesirow Financial Real Estate Value Fund IV, a value-added real estate fund, recently released board meeting minutes show.
The $1.8 billion pension fund previously committed $25 million to Mesirow Financial Real Estate Value Fund II in 2014.
As of Dec. 31, the most recent data available, the actual allocation to real estate was 14.5%.
Investment consultant Marquette Associates assisted.
John V. Kallianis, executive director, could not be immediately reached to provide further information.