--- title: Chicago Teachers’ Pension Considers Adding Private Credit Allocation; Considers PE Commitment Pacing description: Chicago Teachers’ Pension Considers Adding Private Credit Allocation; Considers PE Commitment Pacing. image: https://dakotafunds.com/hubfs/Imported_Blog_Media/chicago_public_pensions-3-Apr-04-2024-11-19-25-5375-PM.jpg --- [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) ** - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) # Chicago Teachers’ Pension Considers Adding Private Credit Allocation; Considers PE Commitment Pacing **Written by: ** Koncheng Moua, Director of Data Management and Strategy ![](https://dakotafunds.com/hubfs/Imported_Blog_Media/chicago_public_pensions-3-Apr-04-2024-11-19-25-5375-PM.jpg) The Chicago Teachers’ Pension Fund is considering adding a new 3% target allocation to private credit. According to meeting materials from the March 16 board meeting, a new asset allocation policy was to be recommended for approval. The changes to the asset allocation included adding a 3% target allocation to private credit. Other changes included increasing domestic equities from 30.5% to 31%, decreasing the international equity target from 27.5% to 20.5%, and increasing the fixed income target from 23% to 26.5%.  Also disclosed in meeting materials was a proposed private equity commitment pacing target for 2023. A pacing study conducted by their consultant, Callan, recommended a $50 million allocation to private equity in 2023. $30 million would be allocated to three MWDBE managers. $10 million would be allocated to an existing majority owned buyout developed manager. And $10 million would be allocated to an existing buyout secondaries developed manager. *For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a *[free trial](https://www.dakota.com/free-trial)* of Dakota Marketplace!* ** Tags: [Credit](https://dakotafunds.com/dakota-funds/tag/credit), [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity) ### Recent Posts [EP Wealth Acquires Wacker Wealth Partners](https://dakotafunds.com/dakota-funds/fundraising-news/ep-wealth-acquires-wacker-wealth-partners) April 04, 2024 [JTP Capital Seeking Fundraising and CRM Database Management Assistant](https://dakotafunds.com/dakota-funds/fundraising-news/jtp-capital-seeking-fundraising-and-crm-database-management-assistant) April 04, 2024 [$700M Merrill FAs Depart to Sanctuary](https://dakotafunds.com/dakota-funds/fundraising-news/700m-merrill-fas-depart-to-sanctuary) April 03, 2024 [Greenbacker Capital Seeking Internal Sales Representative](https://dakotafunds.com/dakota-funds/fundraising-news/greenbacker-capital-seeking-internal-sales-representative) April 03, 2024 [NY Common Commits $550M to Venture Capital, Real Estate](https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-550m-to-venture-capital-real-estate) April 03, 2024 ## Related Blogs October 06, 2022 #### New Mexico PERA Considers Increasing Private Equity Target, Asset Allocation Policy Adjustments The New Mexico Public Employees Retirement Association is considering changes to the asset... 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[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/ventura-county-considers-50m-to-abbott-capital) ![footerLogo](https://dakotafunds.com/hubfs/footerLogo.svg) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Koncheng Moua, Director of Data Management and Strategy", "url" : "https://dakotafunds.com/dakota-funds/author/koncheng-moua-director-of-data-management-and-strategy" }, "dateModified" : "2024-04-04T23:20:32.095Z", "datePublished" : "2023-03-17T04:00:00.000Z", "headline" : "Chicago Teachers’ Pension Considers Adding Private Credit Allocation; Considers PE Commitment Pacing", "image" : [ "https://dakotafunds.com/hubfs/Imported_Blog_Media/chicago_public_pensions-3-Apr-04-2024-11-19-25-5375-PM.jpg" ], "mainEntityOfPage" : { "@id" : "https://dakotafunds.com/dakota-funds/fundraising-news/chicago-teachers-pension-considers-adding-private-credit-allocation-considers-pe-commitment-pacing", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" }, "name" : "Dakota Funds Group" } } ```