Sunday, 26 April 2015
Last updated 1 day ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…