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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of