Chicago teachers pension fund seeks infrastructure investment manager

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Chicago teachers pension fund seeks infrastructure investment manager

The US$10.4 billion Chicago Teachers' Pension Fund (CTPF) has launched a request for information (RFI) for Infrastructure Investment Managers.

CTPF currently has a 3% target allocation to Infrastructure Investments, including 2.3%, or US$240 million, invested. The pension fund is seeking information on Infrastructure Investment Managers focused on infrastructure investments in Chicago or the Chicagoland area that will be complementary to the existing CTPF portfolio.

The Investment Manager (IM) must meet, among others, the following requirements:

  • The IM shall qualify, among others, as: an Investment Manager duly registered with the Securities and Exchange Commission (SEC), a registered investment advisor under the Illinois Securities law and an insurance company authorized to transact business in Illinois.
  • The IM must be bonded in accordance with the provisions of the Employee Retirement Income Security ACT of 1974.
  • The Investment Manager must have an established firm in place with all key personnel required to operate the firm employed as of the response date.
  • The IM must be willing to act as a fiduciary with respect to the Fund

Interested parties must submit their response to the RFI on or before 20 March 2015.

See RFI:

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