The Board of Trustees of the Public School Teachers’ Pension and Retirement Fund of Chicago, more commonly known as Chicago Teachers’ Pension Fund (CTPF), has issued a request for proposal (RFP) for MWDBE private equity investment management services.
The Board is seeking proposals from all qualified minority-owned, women-owned, and persons with disabilities-owned business enterprise (MWDBE) professional firms interested in providing private equity investment management services offered in a closed-end commingled fund structure OR with a strategy focus on buyouts, growth equity, or special situations, and a geographic focus on Africa, either pan-regionally or country specific.
For MWDBE Private Equity Investment Management Services:
- The investment manager will provide CTPF with private equity investment management services via a commingled fund structure. The mandate size will be up to $30 million.
For Africa-Focused Private Equity Investment Management Services:
- The investment manager will provide CTPF with private equity investment management services with a strategy focus on buyouts, growth equity, or special situations and a geographic focus on Africa, either pan-regionally or country specific. The mandate size will be up to $10 million.
Required Information:
All candidate firms must complete the ILPA due diligence questionnaire (ILPA DDQ) available below. Additionally, respondents must submit their fund information to the Callan manager database, CallanDNA, including any previous fund performance data, where applicable; there is no charge for this process.
RFP Deadlines:
Deadline for written questions from respondents: September 3, 2025, no later than 5:00 p.m. (CT)
Compilation of questions and answers posted to CTPF website: No later than September 8, 2025, close of business
RFP due date: September 22, 2025, no later than 12:00 p.m. (CT)