By Muskan Arora

The $13.1bn
Chicago Public School Teachers’ Pension and Retirement Fund may launch a
consultant search in the first half of 2025.

The RFP
issued by the pension plan will likely comply with the Illinois Pension Code
that requires services must be put up for bid when the current vendor’s
five-year contract is up for expiration, as per the recent meeting materials.

The current
consultant Callan’s contract ends on June 30. The CIO Fernando Vinzons,
presented a memo that stated the finalists presentation would take place in the
third quarter, and a contract will be finalized in the fourth quarter.

Whether
Callan would be invited to re-bit remains uncertain, however the firm was
re-hired the last time the pension plan launched a search for a consultant in 2021.

The pension
plan allocates 32.8% to domestic equities, 26.1% to international equities,
17.7% to fixed income and 9.5% to real estate, 8.4% to private equity, 3.3% to
cash and 2.2% to infrastructure, as of September 30. 

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