CTPF backs Longpoint Realty Partners

Chicago Teachers' Pension Fund has committed to a North American value-add fund.

Institution: Chicago Teachers’ Pension Fund
Headquarters: Chicago, US
AUM: $11.4 billion
Allocation to alternatives: 23.1%

Chicago Teachers’ Pension Fund (CTPF) has approved a $35 million commitment to Longpoint Realty Fund III, a contact at the pension fund confirmed to PERE.

The fund, Longpoint Realty Fund III, will invest in value-add in North America. The pension previously committed $30 million to the fund’s predecessor in 2021.

CTPF has a 12.6 percent allocation to real estate, which comprises $1.44 billion in capital.

As illustrated below, the US public pension’s recent fund commitments have predominantly targeted North American vehicles focused on a variety of sectors.

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