# Chicago Public School Teachers' Pension & Retirement Fund (CTPF)

Chicago Public School Teachers' Pension & Retirement Fund (CTPF) is a Public Defined Benefit Pension Fund based in Chicago, United States.

## Overview

- **Organization type:** Public Defined Benefit Pension Fund
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 1895
- **Assets under management:** $13.1 billion (Altss estimate)
- **Website:** ctpf.org

## Regulatory record

- **Reports private funds:** No

## About

CTPF was established in 1895 to provide retirement security for Chicago public school teachers. The fund is governed by a 13-member Board of Trustees, currently led by President Jeffery Blackwell. Executive Director Carlton W. Lenoir, Sr. manages daily operations, while Chief Investment Officer Fernando Vinzons directs investment strategy. The fund pursues a diversified multi-asset strategy spanning private equity (buyout, growth), real estate, and infrastructure. Its real estate portfolio includes commitments to Longpoint Realty Fund III, Long Wharf Real Estate Partners VII, and Basis Investment Group II. CTPF also maintains an infrastructure portfolio across the United States and Canada, alongside its own headquarters at 425 S. Financial Place in Chicago. CTPF oversees roughly $13.1 billion in assets (Altss estimate). The fund makes both primary fund commitments and direct co-investments. Notable recent activity: Executive Director Lenoir founded the Leadership Roundtable of Illinois Reciprocal Pension Funds, a collaborative network among state pension systems, and has served as a featured speaker at the Civic Federation of Chicago. As a public defined-benefit plan, CTPF operates under Illinois state statutes with fiduciary oversight from the Board of Trustees. Its governance structure separates investment decision-making from political influence — the board includes teacher representatives, active members, and public appointees. The fund's long-dated liability profile allows it to hold illiquid assets and negotiate co-investment rights.

## Sectors

- Private Equity
- Real Estate
- Infrastructure
- Buyout

## People

- Carlton W. Lenoir, Sr. — Executive Director
- Jeffery Blackwell — President of the Board of Trustees
- Fernando Vinzons — Chief Investment Officer

## Questions

### Who manages investment decisions at CTPF?

Chief Investment Officer Fernando Vinzons oversees CTPF's investment strategy and portfolio allocation. The Board of Trustees, led by President Jeffery Blackwell, reviews and approves major investment decisions, including fund commitments and policy changes.

### What asset classes does CTPF target?

CTPF allocates to private equity (buyout and growth strategies), real estate (via commingled funds and direct properties), infrastructure (domestic and Canadian), and traditional public securities. The fund also maintains a headquarters property in Chicago.

### Does CTPF make direct investments or only fund commitments?

CTPF participates in both primary fund commitments and direct co-investments. Its real estate portfolio shows holdings in multiple commingled funds such as Longpoint Realty Fund III and Long Wharf Real Estate Partners VII. The fund's infrastructure portfolio also includes direct asset exposure.

### How is CTPF structured as a pension fund?

CTPF is a public defined-benefit pension fund governed by Illinois state statute. It is managed by a 13-member Board of Trustees representing teachers, active members, and public appointees. The fund operates under fiduciary rules, with investment strategy set by the CIO and executed by internal staff and external managers.

### Where does CTPF invest geographically?

The fund's infrastructure portfolio spans the United States and Canada. Its real estate investments are also domestic, concentrated in commercial and mixed-use properties across multiple U.S. regions. CTPF's private equity program focuses on North American buyout and growth.

### What is CTPF's relationship with other Illinois pension funds?

Executive Director Carlton W. Lenoir, Sr. founded the Leadership Roundtable of Illinois Reciprocal Pension Funds, a professional network that facilitates collaboration among the state's reciprocal retirement systems. CTPF also engages with the Civic Federation of Chicago, where Lenoir has been a featured speaker.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/chicago-public-school-teachers-pension-and-retirement-fund-ctpf

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology