In this month’s issue we catch up with Angela Miller-May, CIO of the Chicago Teachers’ Pension Fund, to discuss the Fund, investments opportunities in Africa and private equity. What does the CIO of the $12.5bn Fund have to say? Find more on pp.14-15.

In addition, Oliver Hoffmann of Investor Relations Exchange, argues that global capital market developments are offering some signs of a potential reversal in fortunes for Africa. He says that generating alpha previously meant avoiding resource equities but that strategy now may be coming to an end. Learn more on pp.16-17.

In this issue, we also hear from Dirk Jooste of PSG Asset Management, who writes about multi-asset funds. He says that multi-asset funds offer a dynamic solution to changing market conditions, while remaining aligned to the stated fund objective. Read on p.22.

On the news front, Uhuru Investment Partners, a middle-market private equity firm, has announced the first close of Uhuru Growth Fund I at $113m. Meanwhile Goodwell Investments, an impact investment firm, has launched Goodwell V, a €50m cornerstone feeder fund for a new institutional fund that the company plans to launch in the second half of this year (see pp.4-5).