Illinois Teachers’ pension adds to private equity, real assets

The Illinois Teachers’ Retirement System in Springfield has added five managers to its private equity and real assets programs following partial redemptions in its diversifying strategies program.

The $64 billion pension fund has also improved its funded ratio slightly to 42.5%. The state government added a 4% increase to its contribution for the current fiscal year and the system also saw 25%-plus investment returns over the course of the year.

“Any improvement is good news for our members, but we all realize that there’s still a lot of work ahead of us . . .

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