Illinois Teachers Ups Commitment To Alternatives

May 22 2009 | 9:18am ET

The $27.2 billion Teachers’ Retirement System of the State of Illinois is giving its hedge fund and private equity portfolios a boost, raising its long-term commitments to both asset classes.

Specifically, the plan will increase its allocations from 8% to 10% for p.e. and from 2.5% to 5% for absolute return. The changes were adopted following a review of the plan’s investment strategies, a study conducted every three years by TRS.

“The changes made by TRS are designed to optimize investment returns with modest risk,” said Stan Rupnik, acting executive director and chief investment officer at TRS.   “Maintaining a well constructed and diverse array of investment strategies is crucial to effectively weather long-term volatility.”

In the near term, the plan is furthering its commitments to p.e. funds with a trio allocations. TRS made a $25 million commitment to Clearlake Capital Partners, II, a p.e. fund within its emerging managers program. The plan also committed $50 million to Energy Capital Partners, II, a buyout fund focused on the power generation and energy sectors, and $100 million was awarded to Blackstone/GSO Capital Solutions Fund, a distressed debt fund.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note