Institution: Chicago Teachers’ Pension Fund
Headquarters: Chicago, United States
AUM: $11.11 billion
Allocation to alternatives: 13.60%
Chicago Teachers’ Pension Fund approved a $30 million commitment to Longpoint Realty Fund II at its May 2020 board meeting, a contact at the pension informed PERE.
CTPF’s recently-released 2020 real estate pacing plan confirmed that the pension will be seeking to make $60 million-worth of commitments to real estate vehicles in the 2020 calendar year.
The $11.11 billion US public pension has a 9.0 percent target allocation to real estate that currently stands at 8.10 percent.
As illustrated below, CTPF has a particular appetite for North American value-add property investments.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.