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Sign in Sign up for a FREE subscriptionChicago Teachers commits $30m to Heitman Value Partners Fund VI
The Chicago Teachers’ Pension Fund (CTPF) has approved a $30 million commitment to Heitman Value Partners Fund VI (HVP VI).
HVP VI is managed by Heitman and is seeking to raise $1.75 billion with a hard cap of $2 billion. The fund is investing with a value-add strategy in multiple property types in the United States.
As of Dec. 31, 2023, 10.9 percent ($1.32 billion) of CTPF’s $12.1 billion portfolio was allocated towards real estate, slightly above its 9 percent target for the asset class.
CTPF invested $35 million in the two prior HVP vehicles, to HVP IV in 2017 and HVP V in 2021.
For more information about this commitment or other funds, please visit our IREI.Q database.
