Investors - APRIL 2, 2015

Illinois TRS commits $350m to energy and real estate funds

by Zoe Loza

The $44.8 billion Teachers’ Retirement System of the State of Illinois has made new commitments to energy and real estate investment funds totaling $350 million.

During the system’s March 31 meeting, Illinois TRS committed $150 million within the pension fund’s $5.6 billion real estate portfolio to Clearlake Capital Group. In years past, Illinois TRS has previously invested in the firm’s fund offerings, including a $50 million commitment to Clearlake Capital Partners III in 2012.

Illinois TRS committed up to $200 million to Riverstone Global Energy & Power Fund VI, an energy fund managed by Riverstone Holdings.

This commitment is within the pension fund’s $5.2 billion private equity portfolio. According to a statement from the pension fund, Riverstone already administers $372.2 million in Illinois TRS assets.


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