The Teachers’ Retirement System (TRS) of the State of Illinois has disclosed a $100 million commitment to Brookfield Asset Management on behalf of its $8.6 billion real assets portfolio.
Brookfield currently administers $150 million in Illinois TRS assets.
According to a recent investment report, Illinois TRS closed out 2020 with a 7.9 percent investment return and a $57.2 billion portfolio, the largest balance in the pension system’s 82-year history. Illinois TRS said the positive returns were due to strong performance between July and December; a 12.2 percent return was recorded during these five months.
At the end of calendar year 2020, the portfolio balance reflected a 17.9 percent rebound in asset value, compared to the low point during the early months of the pandemic.
“Forethought and careful planning helped TRS successfully navigate the economic perils and uncertainties related to the pandemic,” said Stan Rupnik, acting executive director
