Institution: Teachers’ Retirement System of the State of Illinois
Headquarters: Springfield, US
AUM: $62.3 billion
Allocation to alternatives: 33.8%
Teachers’ Retirement System of the State of Illinois has confirmed $1.5 billion of private debt commitments across 10 funds, according to its June board meeting.
Within the $16.3 billion Global Income Portfolio, new relationships were established for TRS Illinois. A total of $100 million was committed to BioPharma Credit Investments V and $25 million to L2 Point Opportunities I. This is a new investment relationship for TRS with Pharmakon Advisors and L2 Point Management.
The remaining commitments were made to institutions with which TRS has established investment relationships. They comprised the following funds: $150 million to Cerberus Real Estate Debt Fund II, $75 million to DCP Asia Credit Fund III, $100 million to Edelweiss India Special Assets Fund III, $150 million to Beach Point Sangamon, $225 million to PIMCO Horseshoe Fund, $200 million to Hayfin Chief, $225 million to ICG Santo SCSp and $250 million to Apollo Lincoln Fixed Income Fund.
The $62.3 billion public pension’s previous fund commitments have been focused on North America and Asia-Pacific around subordinated/mezzanine debt.
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