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TRS Illinois commits $439m to PE

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

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Institution: Teachers’ Retirement System of the State of Illinois
Headquarters: Springfield, US
AUM: $64.06 billion
Allocation to private equity: 15.9%

The Teachers’ Retirement System of the State of Illinois has committed $439 million to four separate funds, a source at the pension has confirmed.

The largest commitment of $250 million was made to Ares Multi-Credit Fund, a diversified debt fund.

Two commitments, both of $60 million were made to StepStone VC Wabash Fund and Greenbriar Equity Fund VI, a buyout fund targeting the industrial and transport sector.

Finally a commitment of €65 million was made to MED Platform II, a buyout fund targeting the healthcare sector.

The pension fund’s recent commitments have predominantly focused on the North American region.

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