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Illinois Muni picks new CIO
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Panel: Investors should view diversity as a strategy
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Moneta Taps Aoifinn Devitt as CIO | Chief Investment Officer
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Chicago Public School Teachers preps private equity search
Pension fund also commits $105 million to 5 funds
Print
Chicago Public School Teachers’ Pension & Retirement Fund will soon conduct a search for one to three private equity managers to which it plans to commit a total of $20 million in 2021.
The $11.2 billion pension fund s board on Thursday approved a private equity pacing plan for 2021 that includes one RFP to be issued for emerging or minority-, women- or disabled person-owned private equity managers, said Angela Miller-May, chief investment officer.
The timeline for the RFP has yet to be determined, Ms. Miller-May said.
The pacing plan consists of a total of $125 million in private equity commitments for the year. Along with the RFP for a new MWDBE manager, the board approved five commitments totaling $105 million to new funds by existing managers.