CTPF approves $40m commitment

The US pension has re-upped with Basis Investment Group's real estate credit fund series.

Institution: Chicago Teachers’ Pension Fund
Headquarters: Chicago, United States
AUM: $12.2 billion
Allocation to alternatives: 14.3%

Chicago Teachers’ Pension Fund agreed to commit $40 million to BIG Real Estate Fund II at its March 2021 Board of Trustees meeting, a contact person at the pension informed Private Debt Investor.

The US pension fund had previously committed $30 million to Fund I of the manager’s real estate debt series, which held a final close in May 2019 at $410 million.

As illustrated below, CTPF’s recent private debt commitments have predominantly targeted North American corporate and real estate debt funds focusing on subordinated lending.

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