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TRS confirms commitment to Sixth Street and SLR Capital

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

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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.

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