SPRINGFIELD, IL – Teachers’ Retirement System reported $1.15 billion in strategic allocations to various investment opportunities designed to enhance the retirement trust fund for the System’s 417,000 members.
During the Board of Trustees’ regularly scheduled August meeting, the TRS investment staff reported the following actions:
- Within the System’s $6.86 billion Private Equity Portfolio:
- The commitment of $75 million to Arlington Capital Partners, of Chevy Chase, Maryland. This is a new money management relationship for TRS.
- The commitment of $75 million to Aurora Capital Partners, of Los Angeles, California. This is a new money management relationship for TRS.
- Within the $520 million Real Assets Portfolio:
- The commitment of $200 million to the Carlyle Group, of Washington, D.C. Carlyle currently administers $112.2 million in TRS assets.
- Within the $7.3 billion Real Estate Portfolio:
- The commitment of $300 million to Oak Street Real Estate Capital, of Chicago. Oak Street currently administers $44.1 million in TRS assets.
- Within the $18.1 billion Public Equity Portfolio:
- The commitment of $400 million to RhumbLine Advisors, of Boston, Massachusetts. RhumbLine currently administers $4.5 billion in TRS assets.
- The termination of a $500 million passive currency overlay program administered by Adrian Lee & Partners, of London, United Kingdom.
- Within the $5.5 billion Diversifying Strategies Portfolio:
- The commitment of $200 million to Kirkoswald Capital Partners, of New York, New York. This is a new investment relationship for TRS.
- The redemption of $96 million from Penso Advisors, of New York, New York.
- The redemption of $13 million from Cevian Capital, of Stockholm, Sweden.
- The redemption of $40 million from KeyQuant, of Paris, France. KeyQuant will continue to administer $75 million in TRS assets.
About Teachers’ Retirement System
The Teachers’ Retirement System of the State of Illinois is the 37th largest pension system in the United States, and provides retirement, disability and survivor benefits to teachers, administrators and other public school personnel employed outside of Chicago. The System serves 417,292 members and had assets of $52.2 billion as of June 30, 2019.