Illinois TRS confirms $275m in commitments

The US pension has backed three private equity funds.

Institution: Teachers’ Retirement System of the State of Illinois
Headquarters: Springfield, United States
AUM: $52.92 billion
Allocation to alternatives: 31%

Teachers’ Retirement System of the State of Illinois has committed to Clearlake Capital Group and RCP Advisors funds, according to information on its website.

The system invested $100 million in Clearlake Flagship Plus Partners, which is targeting $1 billion. The fund is focused on investing in diverse sectors in North America.

Illinois TRS also invested $125 million in RCP SBO Fund II and $50 million in RCP SBO Opportunities Fund, which invest in multiple sectors in North America.

As illustrated below, Illinois TRS primarily invests in funds that focus on distressed, senior and subordinated debt in Europe and North America.

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