Illinois Teachers Hires P.E. Firms Vista, Siris, LiveOak

Aug 8 2011 | 11:24am ET

The Illinois Teachers' Retirement System made commitments of up to $210 million to four alternative investment firms at its board of trustees meeting last week.

The $37.1 billion public pension fund committed $100 million to private equity firm Vista Equity Partners. Vista invests in technology and software companies.

TRS also committed $45 million to New York-based Siris Capital Group for investments in mid-sized North American companies, and up to $25 million to LiveOak Management Services. Austin, Texas-based LiveOak will receive an initial allocation of $10 million as part of Illinois' emerging managers program.

In addition, the pension's board approved a $50 million investment in hedge fund Carlson Capital.


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note