Teachers' Retirement System of the State of Illinois

PSG Europe III is targeting a 3.0x gross MOIC and 30% gross IRR, according to documents prepared for the New Jersey State Investment Council.

Teachers’ Retirement System of the State of Illinois announced the two commitments in its FY 2025 budget proposal.

The Illinois pension's private equity commitments were mostly to funds targeting investments in North America.

The US pension has committed to four funds, a source at the pension has confirmed.

The pension fund committed capital across five funds.

The pension has committed $439m to four separate funds predominantly focused on the North American region.

Virginia-based Columbia's eighth flagship fund targets growth-stage technology companies across North America and Western Europe.

The pension fund has made commitments across nine funds.

In today's edition, Blue Owl's recent asset sale has thrust semi-liquids into the spotlight; Partners Group tries to assuage investors' AI concerns; Gridiron Capital is back in the market.

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A Swiss private bank corroborates claims that individual investors weren't spooked by April's tariff turmoil. Plus: PSP Investments slashes its private equity allocation. Here's today's brief, for our valued subscribers only.

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The firm gathered roughly 10% of the capital for its €4bn eighth fund from non-institutional investors, founder Andrea Bonomi tells PEI.

EQT is eyeing new strategy launches and distribution channels after naming a successor to Christian Sinding. Plus: Astorg scraps its GP-led entry; and a fundraising record is broken in the Baltics. Here's today's brief, for our valued subscribers only.

A group of New York pension giants are hoping to shift a mammoth private equity portfolio. Plus: why secondaries could be on the up next year; and Investcorp looks to spread the ESOP love. Here’s today’s brief, for our valued subscribers only.