Contact: Director of Public Relations Janelle Gurnsey 

Phone: 217-652-6435 

Email: trs_communications@trsil.org 

SPRINGFIELD, IL – The Teachers’ Retirement System Board of Trustees approved an asset allocation plan that maintains the System's targeted risk profile and current return expectations. The allocation focuses on enhanced liquidity and protection during volatile markets. 

"TRS remains focused on providing expert pension service to Illinois public educators. Our investment strategy prioritizes protecting our members' money because they count on us every month," said Stan Rupnik, executive director and chief investment officer for TRS. "We continue to see growth within our investment portfolio, while working to minimize the impact of market volatility. This approach has successfully delivered results for our more than 448,000 members." 

At the end of the March quarter of fiscal year 2024, TRS assets totaled $70.4 billion, and the System continues to increase the size of the portfolio, reaching a historic $70.98 billion in assets as of May 31, 2024.  

In other action during its regularly scheduled June meeting, the trustees elected to maintain the rate of return of 7% and reviewed and approved the following investment actions: 

Within the System’s $11.9 billion Private Equity Portfolio:  

• The commitment of $30 million to Bregal Sagemount of New York. Bregal Sagemount currently manages $82.3 million in TRS assets. 

• The commitment of $50 million to TPG Partners of Singapore. This is a new relationship for TRS. 

• The commitment of $15 million to Mac Venture Capital of Los Angeles. Mac Venture currently manages $7.5 million in TRS assets within the Emerging Manager Program. 

Within the System’s $12.3 billion Real Assets Portfolio:  

• The commitment of $300 million Starwood Capital Group of Stamford, Connecticut. Starwood currently manages $817.9 million in TRS assets. 

Within the $16.5 billion Global Income Portfolio:  

• The commitment of $75 million to Fundamental Advisors of New York. Fundamental currently manages $143.5 million in TRS assets. 

• The commitment of $100 million to Sixth Street Advisors of San Francisco. Sixth Street currently manages $99.0 million in TRS assets. 

About Teachers' Retirement System of the State of Illinois

The Teachers’ Retirement System of the State of Illinois is the 38th 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 over 448,000 members and had assets of $70.98 billion as of May 31, 2024.