Chicago Teachers’ Pension Fund Commits $30M to Real Estate; Preparing Private Credit Search

The Chicago Teachers’ Pension Fund (CTPF) disclosed a recent commitment of $30 million to Long Wharf Real Estate Partners Fund VII, a real estate value add strategy.

The Pension Fund also disclosed that they are preparing to initiate a private credit search. A  3% target allocation was recently approved, with annual commitments ranging from $50M to $150M over the next 10 years with approximately 1 to 4 commitments per year. The fund is expected to invest in core evergreen strategies in the first three years to build to the target allocation. 

Callan consulted on the private credit strategic plan  and will be conducting the formal RFP for private credit managers. No other details on the upcoming search were immediately available.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!