Illinois Teachers Makes New Private Equity Commitments

Feb 20 2007 | 10:35am ET

The Board of Trustees of the Teachers' Retirement System of the State of Illinois has approved $325 million in private equity commitments to five funds. The commitments are being funded with cash and the system’s passive/enhanced index accounts.

The commitments have been made to the following firms: $50 million to Carlyle Venture Partners III, a venture capital fund; $50 million to Lehman Brothers Merchant Banking Partners IV, a buyout fund; $100 million to Leonard Green Equity Investors V, a buyout fund focused on the consumer retail sector; $100 million to Silver Lake Partners III, a buyout fund focused on the technology sector; and $25 million to Providence Equity Partners VI, a buyout fund focused on media and telecommunications.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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