The Chicago Teachers’ Pension Fund (CTPF) submitted its twelfth annual report on Illinois Economic Opportunity Investments, as provided by PA 096-0753 of the Illinois Pension Code, to the Governor and the General Assembly. As of June 30, 2021, CTPF employed 19 Illinois-based investment managers who managed assets with a market value of $3.1 billion. These assets represented 23.7% of CTPF’s investment portfolio. The Trustees of CTPF adhere to an informal policy of selecting Illinois-based managers, with all other factors being equal and utilizes investment opportunities to contribute to the growth of the Illinois economy.
“CTPF Trustees and staff have a strong commitment to the economy of the State of Illinois. This is evident in our annual Illinois Economic Opportunity Investments report that is sent to the Governor and the General Assembly. For nearly a decade, Illinois-managed assets have accounted for a significant percentage of our total fund. We are proud to promote economic activity in Illinois through our holdings and our use of Illinois-based external managers and broker/dealers,” stated, Interim Chief Investment Officer and Executive Director Carlton W. Lenoir, Sr.
The detailed report includes Illinois-based investment manager firms investing on behalf of CTPF, Illinois-based private equity partnerships, portfolio companies and real estate properties in the CTPF portfolio; Illinois-based public equity market value of shares held in CTPF’s portfolio, Illinois-based fixed income market value of shares held in CTPF’s portfolio, domestic equity brokerage commissions paid to Illinois-based brokers/dealers, international equity brokerage commissions paid to Illinois-based brokers/dealers, and fixed income volume traded through Illinois-based brokers/dealers (par value).