Illinois Teachers’ Boosts Private Equity, 130/30 Portfolios

Dec 10 2007 | 11:53am ET

The $42.3 billion Illinois Teachers’ Retirement System has ramped up its private equity and 130/30 portfolios with new mandates.

Last week, the system’s board of trustees approved a $100 million commitment to Oak Tree Capital Management Fund VII b, a distressed debt fund, $100 million to Riverstone Global Energy and Power Fund IV, a buyout fund, and $50 million to Pine Brook Capital Partners, a p.e. fund focused on the energy and financial services sectors

In October, the system’s board hired Analytic Investors and J P Morgan to each manage $500 million in 130/30 mandates. The strategy is designed to further diversify TRS’ domestic equity asset class. 
 
TRS provides retirement, disability, and death benefits to teachers and administrators at Illinois public elementary and secondary schools outside of Chicago.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note