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Illinois Teachers’ confirms $50m commitment

The US public pension has backed Stellex Capital Partners' flagship vehicle.

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Institution: Teachers’ Retirement System of the State of Illinois
Headquarters: Springfield, United States
AUM: $52.92 billion
Allocation to alternatives: 30.3%

Teachers’ Retirement System of the State of Illinois has approved a $50 million commitment to Stellex Capital Partners II, a contact at the pension informed Private Equity International.

Stellex Capital Partners II held a final close at $1.775 billion in September 2020, exceeding its $1.25 billion target.

The $52.92 billion US public pension has a 15 percent target allocation to private equity that currently stands at 12 percent.

As illustrated below, Illinois Teachers’ private equity commitments tend to focus on buyout funds which invest predominantly in North America.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.