Chicago Teachers' Commits $40M to Alts

The Chicago Teachers’ Pension Fund approved two recent commitments to alternatives totaling $40 million, according to minutes from the March 21st board meeting. 

In real estate, $30 million was committed to Heitman Value Partners Fund VI. And in private equity, $10 million was committed to KKR Ascendant Fund. 

These commitments represent the continuation of existing relationships. CTFP is currently invested in two KKR private equity funds, KKR Americas Fund XII and XIII. And they previously invested in the Heitman Value Funds IV and V.

As of June 30, 2023, the $13 billion pension fund allocates approximately 11.4% to real estate with a target of 9% and approximately 8.2% to private equity with a target of 5%.

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Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.