Illinois Teachers Boosts Commodities, Private Equity Portfolio

Feb 22 2008 | 1:05pm ET

The $41.7 billion Illinois Teachers’ Retirement System is ramping up its commodities and private equity portfolios with a slew of commitments.

The system’s board has hired Gresham Investment Management, PIMCO and Schroders’ Commodities to manage $200 million each in commodities within the real return asset class, TRS’s first real return commodities investment.

The system is also making commitments of $75 million to Advent International GPE VI, a global buyout fund; $75 million to PAI Europe V, a European buyout fund; $15 million to Kline Hawkes Growth Equity Fund, a venture capital fund focused on late-stage growth companies; and $30 million to Longitude Venture Partners, a venture capital fund focused on medical devices and biotechnology

The private equity mandates will be funded from cash and passive/enhanced index accounts.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...