The Chicago Teachers’ Pension Fund (CTPF) has proposed a new 2022-2023 Infrastructure Pacing Study, according to an investment document from Feb. 17.
The pacing study forecasts how much additional capital is required annually to keep CTPF invested close to its 2-percent infrastructure target and within the asset allocation range of 0 percent to 4 percent.
The study includes an investment of as much as $50 million to infrastructure to maintain exposure in the non-core investment market. CTPF said it will continue to commit to closed-end funds to ensure vintage-year diversification in the portfolio.
The investment staff and Callan will evaluate opportunities to invest in the next fund in the series for existing managers, evaluate opportunities to invest with MWDBE Infrastructure manag