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 . . .

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