CTPF approves $35m commitment

The US public pension has backed a North American real estate fund.

Institution: Chicago Teachers’ Pension Fund
Headquarters: Chicago, United States
AUM: $11.1 billion
Allocation to alternatives: 14.1%

Chicago Teachers’ Pension Fund has agreed to commit $35 million to Heitman U.S. Value Fund V, a contact at the pension informed PERE.

The $11.1 billion US public pension has a 9 percent target allocation to real estate that currently stands at 8.3 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the retail, industrial, office and residential sectors within the North America region.

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