Institution: Chicago Transit Authority Retirement Benefits
Headquarters: Illinois, United States
Allocation to alternatives: 29.50%
Chicago Transit Authority Retirement Benefits has approved a $35 million commitment to Mesirow Financial Real Estate Value Fund IV, according to the pension’s August board meeting minutes.
The $1.71 billion US public pension has a 12.0 percent target allocation to real estate that currently stands at 14.50 percent.
As illustrated below, Chicago Transit is a repeat investor to this fund series, having previously committed $15 million and $25 million respectively to Funds I and II.
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