Tuesday, 5 May 2015
Last updated 7 hours ago
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.
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…