TRS Adopts Investment Blueprints, Hires New Managers

Aug 13 2007 | 10:54am ET

The Board of Trustees of the $41.8 billion Teachers’ Retirement System of the State of Illinois has approved tactical plans for private equity and real estate investments during fiscal year 2008. The strategy for p.e. calls for an annual commitment of $800 million to $1.2 billion to progress towards achieving its long-term asset allocation goal, which was raised from 6% to 8% in 2006.

As of May 31, TRS had committed $3.9 billion in private equity and invested $1.7 billion, or 4% of the total investment portfolio. The TRS board also recently approved new commitments to private equity funds, all which will be funded by cash and passive/enhanced index accounts: $300 million to Apollo Investment Fund VII; $250 million to Warburg Pincus Private Equity Fund X; and $50 million to Avenue Capital Special Situations Fund V.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note