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

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note