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.


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