Institution:Â Chicago Transit Authority Retirement Benefits
Headquarters:Â Illinois, United States
AUM:Â $1.71bn
Allocation to alternatives:Â 29.50%
Bitesize: $10-50m
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.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.