The Chicago Teachers' Pension Fund (CTPF) announced that it invested $4.98 billion, more than 46 percent of total fund assets, with Minority, Women and Disabled-Owned Business Enterprise (MWDBE) firms in fiscal year 2020, ending June 30, 2020. This represents a 3.6 percent increase over 2019 investments. The Fund's work was highlighted during December 4, 2020, testimony presented to state legislators at an Illinois Senate Special Committee hearing on Pensions and Investments held virtually.
"Our total fund MWDBE assets have increased 654 percent since we first started tracking this data in the early 1990s. Our increase in MWDBE investments this past year demonstrates our continued commitment to supporting diverse investments. These investments pay dividends for our members and yields excellent overall long-term returns and financial stability for our members," said Jeffery Blackwell, President of the CTPF Board of Trustees.
A breakdown of assets by classification as of June 30, 2020, includes $2.88 billion managed by women-owned firms; $1.13 billion managed by African American-owned firms; $794.5 million managed by Latino-owned firms; $99.1 million managed by Asian-American owned firms, $16.4 million managed by Persons with a Disability-owned firms, $10.1 million managed by Native-American firms, and $4.3 million managed by Multiple Minority-owned firms.