TRS confirms commitment to Sixth Street and SLR Capital

US-based public pension has committed a total of $650m to two private debt funds.

Institution: Teachers’ Retirement System of the State of Illinois
Headquarters: Springfield, US
AUM: $64.57 billion
Bitesize: $50m – $100m

Teachers’ Retirement System of the State of Illinois has confirmed $650 million in private debt commitments across two funds, according to its August board meeting.

Within the institution’s $15.3 billion global income portfolio, $150 million was committed to TSSP Adjacent Opportunities, managed by Sixth Street. The other commitment was $500 million to SLR 1818, managed by SLR Capital Partners.

Sixth Street and SLR Capital both have existing relationships with TRS Illinois. Sixth Street administers $20 million in TRS assets while SLR Capital manages $153 million in TRS assets.

The $64.6 billion public pension currently allocates 23.7 percent to income. Its previous fund commitments have been heavily focused in the North America region.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments