Illinois pension adds over $3.5bn to alts portfolios
The Teachers’ Retirement System of Illinois hired over two dozen managers across the alternative investment spectrum this past month, adding $3.5 billion to private equity, real assets, income and diversifying strategies asset classes.
TRS Illinois Executive Director and CIO Stan Rupnik (provided)
The moves were made as trustees approved a new long-term asset allocation that lowered the $62.9 billion pension system’s allocations to real assets (20% to 18%) and diversifying strategies (10% to 4%), all the while boosting the allocation to public equities and income strategies, which includes private credit strategies, by 2 . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available. Research articles require an Annual sub.
