Illinois TRS commits $150m to Oak Street Real Estate Capital

The $54.2 billion Teachers’ Retirement System of Illinois (TRS) has disclosed $3 billion in commitments for its public equity, private equity, global income, diversifying strategies and real assets portfolios.

Among these, Illinois TRS committed $150 million to Oak Street Real Estate Capital Fund V, managed by Chicago-based Oak Street Real Estate Capital, on behalf of its $8.1 billion real assets portfolio. 

Oak Street Real Estate Capital manages funds and separate accounts on behalf of institutional investors and high net worth individuals, including public and corporate pension plans, insurance companies, family offices, and trusts. The firm currently administers $117 million in Illinois TRS assets.

In other news, Illinois TRS has hired AON Hewitt Investment Consulting to provide consulting services and a fiduciary evaluation