For Immediate Release
Contact: Director of Public Relations Janelle Gurnsey
SPRINGFIELD, IL – Kevin Blackburn, Michael Goetz and David Miller will continue to serve as members of the Teachers’ Retirement System Board of Trustees after being reappointed for an additional four-year term by Governor JB Pritzker.
David Miller served the 29th district in the Illinois House of Representatives, where he was recognized for his work in a variety of areas including the Legislative Rule Making Committee and around higher education accessibility. Dr. Miller has served and will continue to serve as Chairperson of the TRS Investment Committee.
Kevin Blackburn is currently serving in his third term as Will County Auditor. He has served on several boards including the Illinois Local Government Advisory Board and the Illinois State Treasurer Audit Transition Committee. Mr. Blackburn is the Chairperson of the TRS Audit Committee.
Michael Goetz retired from the Laborers Home Development as Executive Director in 2019. He has served on several boards including the Illinois State Board of Investment and was the Vice Chair of the Illinois Finance Authority.
In other action during its regularly scheduled August meeting, the Board of Trustees approved the following investment actions:
Within the System’s $12.3 billion Private Equity Portfolio:
- The commitment of $175 million to Stonepoint Capital of Greenwich, CT. Stonepoint currently manages $207.4 million in TRS assets.
- The commitment of $50 million to Stellex Capital Partners of New York. Stellex currently manages $46.6 million in TRS assets within the Emerging Manager Program.
- The commitment of $15 million to Fifth Century Partners of Chicago. Fifth Century is a new relationship for TRS within the Emerging Manager Program.
Within the $19.5 billion Global Income Portfolio:
- The commitment of €100 million to Park Square Capital of London. Park Square is a new relationship for TRS.
Within the $1.7 billion Diversifying Strategies Portfolio:
- The full redemption of approximately $160 million from Tilden Park of New York.
- The full redemption of approximately $65 million from Brevan Howard of London.
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 $72.21 billion as of July 31, 2024.