TRS Illinois commits $680m to PE

The pension fund has made commitments across nine funds.

Institution: Teachers’ Retirement System of the State of Illinois
Headquarters: Springfield, US
AUM: $63.63 billion
Allocations to Private Equity: 15.9%

Teachers’ Retirement System of the State of Illinois has made commitments of $680 million to private equity across nine funds, a contact at the pension fund confirmed to Private Equity International.

All funds are managed by GPs that have an existing relationship with TRS Illinois. The US-based pension fund committed $200 million to Apollo Investment Fund X, which is Apollo Global Management‘s 10th flagship PE fund. TRS Illinois also made a $50 million commitment each to Scale Venture Partners VIII, True Venture Partners VIII and Insight Opportunities Fund II.

TRSIL also committed $150 million to Vista Equity Partners VIII. Vista Equity Partners is a leading private equity firm, focused on investing in software and technology-enabled businesses.

Other commitments made include:

TRS Illinois’ recent fund commitments are predominantly focused on venture capital vehicles.

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