Chicago Transit Authority Employees' Retirement Plan

About Chicago Transit Authority Employees' Retirement Plan

Chicago Transit Authority Employees' Retirement Plan's investment portfolio is valued at $1.98 billion, as of December 30, 2023, with investments in domestic and international equity, fixed income, real estate, private equity, infrastructure, and cash. Its returns for 1 year, 2 years, 3 years, 4 years, and 5 years were 10.6%, 0.2%, 5.7%, 6.2%, and 6.1%, compared to the benchmark return of 9.8%, -0.5%, 4.9%, 5.9%, and 6.3%, respectively. As of December 30, 2023, the private equity portfolio was valued at $343.17 million, representing 17.3% of the total portfolio. This is an increase compared to September 30, 2023, when the private equity portfolio was valued at $338.11 million. The private equity portfolio is currently overweight compared to the target allocation of 10%. As of December 30, 2023, the fund's private equity returns for the quarter, 1 year, 3 years, 5 years, and 10 years were 8.3%, 15.2%, 15.4%, and 12.2%, compared to the benchmark return of 6.0%, 10.8%,16.4%, and 14.6%, respectively. Investments in private equity include buyouts, fund of funds, mezzanine, metals & mining, private equity growth expansion, mezzanine, and venture capital fund strategies diversified in geographical locations across the Americas, Europe, the United States, Canada, and Asia. As of March 31, 2024, the infrastructure portfolio was valued at $121.55 million. The plan's investments are governed by the board of trustees, with Mr. Keith Hill serving as Chairman of the Board of Trustees. Marquette Associates, Gray & Company, and The Townsend Group serve as LP Consultants.