Illinois TRS approves $100m commitment

The US pension has invested with a single private debt vehicle.

Institution: Teachers’ Retirement System of the State of Illinois
Headquarters: Springfield, US
AUM: $52.92 billion
Allocation to alternatives: 31%

Teachers’ Retirement System of the State of Illinois committed to a fund from Oaktree Capital Management, according to information on its website.

The pension pledged up to $100 million to Oaktree Real Estate Debt Fund III, which focuses on real estate in North America.

As illustrated below, Illinois TRS primarily invests in funds that focus on distressed, senior and subordinated debt in Europe and North America.

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