The Chicago Teachers’ Pension Fund reaffirms its commitment to minority, female, and disabled participation (MWDBE) in all areas of investments. At the May 21, 2020, Board of Trustees Meeting, the Board approved new private equity and real estate commitments totaling $70 million to emerging or MWDBE person-owned private equity managers.

The investment includes a $30 million commitment to Longpoint Realty Fund II, a Latino-owned manager. This is a follow-up investment to the Longpoint fund series, and a reinvestment in a MWDBE manager. CTPF also approved an allocation of $10 million each to four new investment firms:  Graham Allen Partners I, an African-American owned manager; MB Global Fund II, a woman-owned manager; Sidereal Capital Partners I, an African-American owned manager; and WM Partners II, a Latino-owned manager.  

"This $70 million investment with these five managers represents CTPF's ongoing desire and promise to support diversity and inclusion in its portfolio," said Executive Director Charles A. Burbridge. "Our Board of Trustees recognizes that knowledge and understanding of diversity is the cornerstone of a successful diversity strategy, and has committed to providing these opportunities to responsible, well-performing managers with a proven track record.”